The shareholders of JSC Bank of Baku convene a general annual meeting scheduled for January 27.
The management does not report on the agenda, but we are not talking about financial performance, as it will be announced in March and April.
JSC Bank of Baku with the authorized capital of AZN 52,870,000 has operated since 1994 and specializes mainly in consumer loans.
Its shareholders are the Turkish NAB Holding (35%), Hikmet Ismailov, the sole owner of the insurance company Azsigorta (31.11%), who bought the share of Rafig Aliyev, brother of former Economy Minister Farhad Aliyev. In addition, the list includes Azpetrol (28.89%) and Elchin Isayev, who is also Chairman of the Supervisory Board (5%). --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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