An extraordinary general meeting of shareholders will be held at AtraBank on August 6.
As stated in the announcement of the bank, the shareholders will approve the financial statements for 2013 and, more importantly, they will discuss the issue with the bank's own capital.
As of March 31, 2014 the Bank's equity is equal to 21,391,120 manats. According to the request of the Central Bank of Azerbaijan, to January 1, 2015 the minimum equity capital of banks in Azerbaijan must be equal to 50 million manat.
JSC AtraBank was created in 1991. Currently, there are 13 branches, 2 offices and 24 foreign exchange settlements. The bank has 10 branches in Baku and in three regions of the country. Its shareholders are more than 30 individuals. - 17D-
Economics
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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.
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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.
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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.
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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.
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