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
-
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.
-
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.
-
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.
-
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.
Leave a review