The Anti -Corruption Department under the Prosecutor-General has revealed the fact of abuse of power in one of the capital of the branches of Unibank.
According to the General Prosecutor's Office of Azerbaijan, a leading expert on corporate banking branch Yasamal Mehdi Abdullayev in March this year for the mortgage loan taken from Baku resident Alicia Nazaraliev 1,300 manats , in addition, in May 2012 opened in the name of Nazaraliev line of credit for 3000 AZN and took an ATM from this account in 2000 manat than harmed the legitimate interests of the bank.
A criminal case was filed under article 308.1 (abuse of power) of the Criminal Code. The necessary investigations are conducted, the prosecutor's office noted. - 15D -
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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