By the order of the temporary administrator of JSC Bank Standard Khalid Ahadov was appointed General Director of the bank. Ahadov will serve as Chairman of the bank, a source in the press service of the Financial Markets Control House told Turan.
The report notes that before August 3 the Chairman of Bank Standard will form the bank’s management bodies. From August 3 the bank will fully restore operations in compliance with the business strategy.
Ahadov has been working in the banking sector since 2002 and has held senior positions in the Bank of Baku and Uni Bank.
Recall that by the decision of FMCH, state-controlled Azer-Turk Bank will be in charge of improving Bank Standard. -----08D
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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