Unicapital increased its authorized capital to 300 thousand manat by increasing the nominal value of shares from 2 to 3 manat.
The sole shareholder of the company is Unibank, which invested 100 thousand manat in its capital on November 13. Thus, Unicapital meets the minimum requirement for charter capital required for the implementation of major statutory investment in accordancw with the law "On the Securities Market ". This requirement for investment firms shall enter into force on 1st January 2016.
In October Unicapital took the first place in the ranking of brokers in the exchange volume of corporate and government securities with the index 241.3 million manat.
Unicapital OJSC was founded in 2007 and is involved in the securities market since 2008. The company is one of the founders of the Baku Stock Exchange.
Total on the securities market in Azerbaijan there are 13 brokerage firms, some of which will cease its activities. ----08D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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