In January the JSC «Unibank» will revise lending portfolio, preferring not consumer , but entrepreneurial credit, said today at a press conference executive director Jalal Gasimov. According to him, at the end of last year the amount of aid to businessmen was 133 million, by December 1, this year, it has already reached 208 million manat, and by the end of the year it is expected 220 million manat. "In 2015, we expect a further increase in the portfolio," he said. In retail lending, the bank has already made progress, so that next year is expected to nearly 1 billion manat of total loans. According to Gasimov, the total assets of the bank by December 1, already accounted for 865 million manat, and the number of clients of «Unibank» for the last three years has increased by three times.
The JSC «Unibank» was created in October 2002. In the charter capital 66.21% is owned by individuals, 33.79% - by legal entities, including 12.15% by the EBRD , and 6.68%by the German DEG. --17D-
Economics
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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