Shareholders of Capital Bank January 15, 2014 will discuss the capital increase at an extraordinary general meeting of shareholders.
As reported by the bank, the event will be held at 11 am at the head office of the bank located on Fizuli Street, 71. At the meeting the shareholders are also going to approve regulations of the Supervisory Board and the Audit Committee of the bank in the new edition, as well as to make changes in the Supervisory Board and the Audit Committee.
JSC Capital Bank was privatized in 2008. According to the rules about 2,500 members of the personnel of the bank acquired 2.5% of its shares. Large stakes in the bank while also purchased Ata Holding, Azersun Holding, Xalq Sigorta , etc. but later as if agreeing , they resell these shares LLC "Pasha Holding". As a result, the controlling shareholder of the bank has become the family Pashayevs ( 99.98%), related by kinship with President Ilham Aliyev . - 15B -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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