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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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
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The State Oil Company of Azerbaijan Republic's shipping division, Azerbaijan Caspian Shipping Company (ASCO), has integrated a new Aframax tanker into its fleet, as part of its ongoing fleet expansion strategy, the company announced on Monday.
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