On November 26, there is scheduled an extraordinary general meeting of the shareholders of Atrabank.
According to the bank, the agenda includes the issue of increasing the bank's equity to 50 million manat and other issues related to the current activity. As of October 24, 2014 the Bank's equity is equal to 35.874 million manat. As is known, according to the decision of the Central Bank, by 1 January 2015, the minimum equity capital of banks in Azerbaijan should be equivalent to 50 million manat, otherwise they will have to become non-bank credit organizations, choose another type of financial activity or consolidate with other banks.
AtraBank JSC was established in 1991. Its shareholders are more than 30 individuals. --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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