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
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The European Commission views Azerbaijan’s increasing gas exports to Europe as a vital alternative for ensuring the EU’s energy security, European Union Energy Commissioner Kadri Simson told Turan in an exclusive interview during the COP29 summit in Baku.
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The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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