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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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