The former chairman of the board of JSC Bank of Baku Farid Huseynov was appointed deputy chairman of the Azerbaijani Capital Bank.
According to the information of the oldest financial structure, he at the same time was entrusted with the chief operating administrator of the bank. Huseynov has 14 years of experience in the banking sector and until recently he headed the board of Bank of Baku.
JSC Capital Bank has operated under different names for 140 years. Previously, it was known as Savings Bank. Its shareholders are Pasha Holding (99.84%) and individuals (0.16%). --17D-
Economics
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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The Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) convened today, December 26, 2024, at a summit highlighting the evolving dynamics of regional cooperation and the complex interplay of geopolitical interests among EAEU member states. The meeting, held in Saint Petersburg, brought together the leaders of the EAEU countries to discuss a robust agenda that could shape the bloc's trajectory in 2025 and beyond.
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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