JSC Capital Bank has become a member of the US-Azerbaijan Chamber of Commerce (USACC).
The bank reports that its initiative aims to increase international cooperation and attraction of foreign investments. For 20 years USACC specializes in the realization of oil contracts, but now there is also progress in the field of agricultural industry, tourism, ICT and alternative energy sources.
The history of Capital Bank (former Savings Bank) is more than 140 years. Today its shares (99.87%) are owned by Pasha Holding plus individuals (0.13%). --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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