Extraordinary Meeting of Parabank Shareholders Scheduled for June 10
The shareholders of JSC Parabank convene an extraordinary general meeting, scheduled for June 10 in the main office.
On the agenda there are financial statements on the bank's activities last year.
Parabank with the current registered capital of 50 million manat was established in 1991. It is owned by JSC Azertikintiservis, the small enterprise Ismayilli and 18 private shareholders. The largest shares are: Eldar Guliyev (19.97%), Alevtina Guliyeva (19.98%), Tamilla Hajiyeva (19.88%), Veli Guliyev (17.69%) and Elnur Guliyev (12.41%). --17D-
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- Economics
- 22 April 2016 13:22
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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