On March 4 an extraordinary general meeting of shareholders of JSC AG Bank will be held.
The agenda includes the issue of increasing the authorized capital up to 125 million AZN (fivefold increase).
JSC AG Bank with a capital of 25 million AZN has been operating since 1992. Its major shareholders are Chinghiz Asadullayev (23.27%), Farzulla Yusifov (17.767%), the International Finance Corporation (17.5%), and the company Kazimir Partners' (10%). In addition, the bank has 60 minority shareholders with a total share in the bank's capital at the level of 31.47%. --17D-
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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