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Today starts public offering by Amrahbank
Amrahbank JSC starts from December 28 this year to accommodate 51.383 common registered uncertified shares of AZN 100, - the BSE.
The issue of shares is included in the quotation list of the exchange. According to the prospectus, placement will be the method of mass supply. Underwriting services are provided by Ltd Chelsea Capital.
At full deployment of new shares authorized capital of the bank will increase by 35% to reach $ 19.85 million manat.
Amrahbank's shareholders are 4 individuals and one entity. -15D -
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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