Commercial Bank OJSC Zaminbank increases its share capital by 10 million or 32.5%.
According to BSE, the corresponding prospectus of 50 thousand ordinary registered non-documentary shares of AZN 200 was registered in the State Committee for Securities. Ltd Texnika Capital Management will be the underwriter.
The authorized fund of Zaminbank is 30.722 million manat. Its shareholders are 21 individuals and five legal entities. The main shareholder of Zaminbank is Chairman of the Supervisory Board Nadir Ismayilov (98.54%). - 15B -
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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