The new chairman of the board of Accessbank Michael Hofmann was appointed successor to the Andrew Pospielovsky that held the office.
As reported in the bank, Pospielovsky left the office in connection with the further career plans and move with his family abroad.
Prior to this appointment, Michael Hofmann worked at the European Bank for Reconstruction and Development from 2005 to 2012 and headed the office of the bank in the Volga Federal District. He was also a member of GM-AvtoVAZ (2008-2012) - a joint venture between General Motors and AvtoVAZ in Togliatti, producing cars of Chevrolet Niva M.
Shareholders in Accessbank are the European Bank for Reconstruction and Development, International Finance Corporation, the Black Sea Trade and Development Bank, Germany's KfW, Access Holding, and LFS Financial Systems GmbH.
According to a recent decision of the shareholders of the bank, AccessHolding increased its stake in JSC Accessbank to 50.1% from the current level of 16.53% since the Black Sea Trade and Development Bank (BSTDB), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) and KfW - Development Bank of Germany reduced their own shareholdings by 7.55% each to 12.45%, and LFS - to 0.10% from the current level of 3.47%. -15B-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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