JSC «Topaz Investments» (the main shareholder of Nikoil Bank) enrolled in the deposit accounts of the second tranche in the amount of $ 10 million (the first took place on July 29.) According to the financial structure, before the end of September will be carried out two similar transferences in order to enhance all areas of lending. In addition, the major shareholder intends to announce the issuance of securities, strengthening its own presence. JSC «Nikoil Bank» has been operating in Azerbaijan since 1994. The bank's branch network includes 21 sales points, which are located both in Baku and in the regions of the country. Information about all banking products, promotions and special offers can be obtained by visiting the company's website www.nikoil.az, or by calling the short number (012) 981. The structure of the three shareholders: JSC «Topaz Investments» owns a controlling stake (56.4%) from ZAO «NİKOYL» 42.6%, from the previous majority shareholder «ISR Holding» Ltd. remains only 1% of the securities. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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