The JSC «Bank Respublika» prepares for the annual general meeting of shareholders. According to the report of the financial structure, the event is scheduled for April 15th. The agenda included the following issues: approval of the financial statements and the results of the external audit of the bank for 2014, the creation of reserves from the net profit of the bank obtained on the results of operations for 2014, as well as the payment of dividends.
JSC «Bank Respublika» was created on February 17, 1992. Among its shareholders are the largest financial institutions of Germany: Investment Corporation DEG, a member of the banking group KfW, and SIDT, a member of financial group Sparkassen-Finanzgruppe, owning a stake of "25% + 1 share." --17D-
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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