Shareholders of Bank VTB (Azerbaijan) will elect new members of the Supervisory Board on April 29.
According to the bank's press service, the only question on the agenda of the extraordinary meeting of shareholders of the bank is the Supervisory Board. Today it consists of six people, which has been led by Vasily Titov since 2013.
Bank VTB (Azerbaijan) operates since 2009. Its shareholders consist of JSC Bank VTB (Russia) - 51%, Ltd. Ata Holding – 48.99% and Ashraf Kamilov – 0.01%.
It should be noted that the State Oil Fund of Azerbaijan is a shareholder of JSC Bank VTB (Russia). The Fund owns 381 913 414 634 shares with the nominal value of the holding of 0.01 ruble each. This represents 1.11% of its share capital. SOFAZ Executive Director Shahmar Movsumov is a member of the Supervisory Board of Bank VTB (Russia). 08D
Economics
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
-
The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
-
The State Oil Company of Azerbaijan (SOCAR) will begin issuing "green" bonds on January 15, with a total issuance volume of USD 200 million, according to an official SOCAR statement cited by Turan.
-
On January 10, 2025, Azerbaijani President Ilham Aliyev signed a decree dismissing Samir Sharifov from his position as Minister of Finance. Having held this role since 2006, Sharifov has been appointed Deputy Prime Minister, marking a shift in his responsibilities while maintaining his influence within the government.
Leave a review