The general meeting of shareholders of OJSC Capital Bank on May 27 decided on changes in the composition of the Supervisory Board and the Audit Committee.
The President of the Supervisory Board Mir Jamal Pashayev resigned from his post in connection with the work in Pasha Holding, where he is the Executive Director. The new Chairman of the Supervisory Board of OJSC Capital Bank is Jalal Gasimov. Gasimov was recently appointed Chairman of the Board of Pasha Bank.
There were also changes in the composition of the Audit Committee. Araz Agayev as Chairman of the Audit Committee was replaced by Parvin Ahadov. 08B
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