Subscription for "Legion Financial" shares starts
Subscription for ordinary non-documented registered shares of "Legion Financial" joint stock company (provides leasing services) with the code AZ1001025464 ISIN in the amount of AZN 1.3 million has started from today.
This was reported by ‘Baku Stock Exchange’ (BSE).
The message says that the process will take 3 days.
It may be recalled that by the decision of the BSE Listing Committee 13, 000 shares with nominal value from AZN 100 were listed in the standard segment of the market. "Assist Finance" investment company acts as underwriter of the placement. If all shares are sold, "Legion Financial"s authorized capital will rise from AZN 2.34 million to AZN 3.64 million.
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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