JSC Capital Bank in order to optimize the network opened the 90th branch - this time in the Ganjlik Mall next to the Ganjlik metro station.
The new branch offers various types of consumer and business loans, payment cards, money transfers, as well as settlement and cash services, deposits, payment of public utilities and communications, currency exchange, opening bank accounts and so forth.
JSC Capital Bank (former Savings Bank) is the oldest and largest bank in the country in the segment of clients and branch network. The main owner of its shares (99.87%) is LLC Pasha Holding.
A general meeting of its shareholders is scheduled for May 27. It will decide on the distribution of the profit for 2015. --17D-
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- Economics
- 11 May 2016 15:00
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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