The shareholders of JSC VTB Bank (Azerbaijan) will hold an extraordinary general meeting on July 26. Several issues will be put on the agenda.
As the bank said, the General Secretary of the general meeting will be elected as well as members of the Supervisory Board and the Audit Committee.
JSC VTB Bank (Azerbaijan) has operated in the local market from November 23, 2009. The share capital (50 million 815 thousand AZN) is divided between Vneshtorgbank (51%) and JSC Ata Holding (48.99%), plus a private person (0.01%). The total number of shares is 245,075, each with a par value of 200 manats.
Recall that in November 2008, the Central Bank of Azerbaijan approved the acquisition of 51% of the local AF Bank by Vneshtorgbank from Russia. --17D-
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