Demand Exceeded Supply by Six Times at Deposit Auction

An auction on placement of interest-bearing, unsecured, undocumented, registered bonds of 'Global Energy Solutions' under the code AZ2001025884 ISIN for AZN 5 million with the circulation term of 2 years will be held tomorrow at the Baku Stock Exchange (BSE). This is reported by BSE.

'Qala Insurance' company has won an open tender for insurance of telecommunication satellite ‘Azerspace-1’ owned by the 'Space Agency' under the Ministry of Digital Development and Transport (‘Azərkosmos’) in 2025.This is reported on the unified Internet portal of public procurement.

Vusal Gurbanov, director of the insurance supervision department of the Central Bank of Azerbaijan; Anar Mansurov, director of the financial management department; Elrad Seydiyev, director of the financial markets operations department and Tarlan Rasulov, director of the currency reserves management department have been appointed as general directors.

Baku, February 6, 2025 – Bank Respublika, which pays special attention to the development of education in our country, has signed a memorandum of cooperation with one of the leading higher education institutions in Azerbaijan, Baku Higher Oil School (BHOS).