JSC NBC Bank has published online its financial statements for the previous year (http://www.nbcbank.az/userfiles/RSM%2012_compressed.pdf), confirmed by the audit. The main shareholder of the bank Nuru Aliyev "pressed" the proportion of his sisters Nushaba Safiyeva and Jamila Rustamova from 8.14% to 6.4%. The stake of Nushaba’s late husband Mushfig Safiyev (founder of the newspaper Express) reduced from 4.88 to 3.83%.
Also reduced participation of four other shareholders, including Caspian Insurance Co Ltd (from 4.32% to 3.4%), whereby the share of Nuru Aliyev rose from 45.88 to 57.51%.
Recall, the license of NBC Bank was granted in December 1992. Other than those mentioned, the shareholders include Surkhay Ahmedov (8.4%), Nurgun Group (7.51%), and Ogtay Rustamov (6.56%). --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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