In the first six months of 2016 the number of employees of Bank Respublika decreased by 67, from 635 to 568.
During this period the bank closed four of its branches in Sheki, Imishli, Goychay, and Shemkir.
The shareholders are 14 individuals and 5 legal entities.
In October, the bank increased its authorized capital by 20 million manat and brought it up to 57,461,021 manat.
16.6% of its shares are owned by Natig Saday Oglu Guliyev, 15.1% - by Elchin Saday Oglu Guliyev, 14.5% - to Sevda Saday Gyzy Guliyeva, 14.3% - to Saday Asad Oglu Guliyev, and 14% - to Maria Heydar Gyzy Guliyeva.
The Chairman of the Supervisory Board is Elchin Guliyev. -----71D
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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