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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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