Etibar Aliyev was returned to the post of chairman of the Supervisory Board of Bank Technique. This information was confirmed in the bank, which stated that will official announcement will be made. The bank also confirmed the departure of Rovshan Ismayilov as head of the Board of the Bank Technique. Three years ago, a group of officers of the Bank Technique was arrested. Etibar Aliyev who was dismissed from his post as head of the supervisory board also spent same time in custody.
Then the bank wascalled "Texnikabank". The bank was renamed after the change of the management. The bank was secretly transferred under the control of Jahangir Hajiyev , the former head of the International Bank.
In recent days, the media write that JSC Bank Technique was actually captured by raiders, and behind it was Hajiyev and his matchmaker, now former head of the Ministry of National Security Eldar Mahmudov.
According to the information on the website of the bank, his shares are held by: "Beaufort Investissements SA" - 78.4421%, and individuals - 21.5579% .- 06D-
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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