JSC DemirBank informs that on June 19 at 11:00 am at Baku, Tabriz Street 19 (assembly hall of the University of Tefekkur) there will be held a general meeting of its shareholders.
The agenda included the confirmation of the annual financial report, the appointment of the next term of the members and the Chairman of the Supervisory Board, the Audit Committee and the Management Board. It will also discuss the possibility of increasing the share capital, changes in the statute and the state registration of changes in the Company ADB Broker.
Particularly expected to sign important agreements, profits will be distributed.
Registration of shareholders will be from 10:00 to 11:00 on the basis of identification. Shareholders may consult the meeting at the address Karabakh 31 or Avenue Khatai 22. - 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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