More than 15,000 investors placed orders for new shares of state bank
More than 15,000 investors have placed more than 20, 000 orders for new shares of state-owned "International Bank of Azerbaijan" (IBA), subscription for which began since 11 June.
This was stated by chairman of the Bank's board Abbas Ibrahimov.
According to him, about 4, 000 new investors have been engaged only last week, which is a record high.
"25% of our potential shareholders are young people. More than 85% of orders are placed through digital channels. 34% of share subscriptions are in the regions," the chairman emphasized.
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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