Shares of Unibank for a total of 5 million manat were posted on Friday at the Baku Stock Exchange.
The emission of 1,838,250 preferred non-documentary registered shares of nominal value of 2.72 manat was registered by the beginning of December. According to the Exchange, all the shares were sold in a single transaction (one investor). The underwriting service was provided by Uni Capital.
The paid-up share capital of the bank, thus, reached 61.57 million manat. The shareholders of the bank are the European Bank for Reconstruction and Development (15.15% equity) and the German Investment Corporation DEG (8.33%).-15B -
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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