At the April 4 general meeting of shareholders of Capital Bank OJSC Farid Mammadov was elected a member of the bank’s Supervisory Board.
The OJSC Capital Bank Supervisory Board consists of five people. Mammadov replaced Javid Guliyev, who had resigned from the office. The Chairman of the Supervisory Board is Jalal Gasimov, First Deputy Director of Pasha Holding LLC.
Farid Mammadov is Deputy Director of Pasha Holding LLC and Director of the holding's business group.
At the general meeting, a new charter of the bank was adopted, in which the Supervisory Board is granted new powers for management. Also, changes have been made to the regulation of the OJSC Capital Bank Supervisory Board.
LLC Pasha Holding owns 99.87% of the shares of OJSC Capital Bank. -----08B
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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