According to the decision of the general shareholders' meeting of the International Bank of Azerbaijan AZN 13,694,766 of retained earnings at the end of 2011 8,694,766 manats will be allocated to the payment of dividends in the last year, the rest will remain as retained earnings and after conclusion of the current issue will be directed to increase the authorized capital.
As reported in the bank, the shareholders also approved the action recommended by the Audit Committee and approved by Deloitte & Touche Financial statements for the year 2011.
Recall that, in the past three years (2009, 2010, 2011), the total amount of income of the bank amounted to 1.2 bn, net profit - 200.958 mln. - 15D -
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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