Turanbank raises capital by a third
JSC Turanbank increases share capital by 10 million or 33.3% to AZN 40 million.
As the press service of the State Committee for Securities said, corresponding prospectus for 9.243 thousand ordinary registered non-documentary shares of 1,082 manat was registered by the Monday.
According to the prospectus, placement will be held by means of mass accommodation at the Baku Stock Exchange (BSE).
The authorized capital of the bank now stands at 30 million manat. Shareholders of Turanbank set up in 1992 are 21 individuals and five legal entities. - 15B -
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review