Atrabank intends to hold an annual general meeting of its shareholders. How the official media write, the event will take place on July 15.
The agenda is in the written report for the past year and organizational issues.
Open Joint Stock Company Atrabank was founded in December of 1992, and initially operated as a joint stock commercial bank ATRA. August 29 of 2005 it continued its activities under the present name.
The authorized capital is 10 million 424.8 thousand manats. Nabiyeva Khuraman Qurban Gyzy owns almost half (49.6%) of the shares, Nabiyeva Elmihan Nabi Oglu owns 19.7%, Nabiyev Parvin Elmihan Oglu owns 19.9%. The remaining 22 of the 25 are minority shareholders. There are 3 corporate shareholders 3 and 22 individuals. - 17D
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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