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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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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