Day: March 8, 2022

Azerbaijan celebrates Wind Tuesday of Novruz today, APA reports.

Known as “Windy Tuesday” among the people, it is the third of the 4 Tuesdays.

Note that the last Land Tuesday will be on March 15.

Source: Azeri-Press News Agency

The article is dedicated to March 8, International Women’s Day.

Like all over the world, women in Azerbaijan are represented in different sectors of the economy. The financial sector is not an exception to this. There are dozens of women who are shareholders (founders) of banks, non-bank credit organizations (NBCOs), credit unions, insurance and investment companies, and who lead these financial institutions. These representatives of the weaker sex can also include women-financiers.

Women bankers

It should be noted that the shareholders of at least 8 of 26 banks in Azerbaijan are women. They include the “Azerbaijan Industrial Bank” (ASB), “Bank BTB”, “Gyunaybank”, “Muganbank”, “Premiumbank”, “Rabitabank”, “Unibanank” and “Elobank”. Two of them are women who own shares in AIB and Yelobank and are not citizens of Azerbaijan. Thus, Leyla Gezel Gurd, who owns 1% of shares in LBA, is a Turkish citizen and the daughter of Abdulbari Gezel, president of Azersun Holding (a subsidiary of the bank), and Marina Kulishova, who owns 3.9% of Yelobank, is a Russian citizen and director of Topaz Investments, the bank’s main shareholder.

As for the rest 6 banks, then 74.99% of shares of BTB Bank belong to Nigar Mehdiyeva (daughter of former head of the Presidential Administration and former president of the National Academy of Sciences of Azerbaijan Ramiz Mehdiyev), 6% – to Tukazmanrkaman Mahmudova, 40.05% of shares of GunayBank – Egana Shirinova (wife of the main shareholder of the Bank Mahmud Mammadov), 2.67% – Gunay Yildirimzadeh (daughter of M. Mammadov and daughter-in-law of former prosecutor of Khatai district of Baku Yusif Yildirimzadeh), 2.31% – Khanim Mammadova, 10.65% – Vafa Veliyeva (former deputy, daughter of the rector of Odlar Yurdu University Ahmed Veliyev), 10.03% – Farida Mehdiyeva, 84.46% – Zarifa Hamzaeva (wife of president of Azerbaijan Airlines Jahangir Asgarov), 0.32% – Elvira Ahmedova, 30% – Valida Abbadova, 9.11% – Dilara Nurieva (other bank’s shareholders and wife of president of Public Association of Azerbaijan Banks Association Zakir Nuriev) and about 3% of Unibank’s shares are controlled by Zemfira Jafarova.

Microfinance women

Women are the shareholders (founders) of at least 12 out of 56 non-commercial organizations in Azerbaijan. For example, 50% of the founding shares of Azinvestcredit belong to Tamara Ismailova, 74.9% of Brand Credit – Yegiana Veliyeva, 2.8% – Shabnam Veliyeva, 14% of Embafinance – Tamara Polyakova, 50% of Falcon Finance – Brilliant Salmanova, 19% of Finex Credit – Shalala Tagiyeva, 18.3% – Ramina Allahverdiyeva, 2%-Gulnara Tagiyeva, 1.6%-Sevil Khidayatova, about 30%-Narmin Huseynzade, 2.4%-Sabina Israfilova, 1.6%-Taira Gurbanova, 1.3% shares belong to Fatma Abbasova, 25%-Huraman Gubadova, 33.4%-Khalisa Aminova, 33.3%-Zuleikha Rasulova, 15.5%-Alevtina Guliyeva, 9.8%-Tamilla Hajiyeva, 34%-Prime-Credit. Shahla Mehtiyeva, 33%-Valida Azizova, 33%-Ilakha Bakhshaliyeva, 35.7% of “Pro Credit” shares belong to Rena Mammadova.

The heads of three NCOs are also women. So, “Azinvestcredit” is headed by Sabina Veliyeva, “M Bulak” – by a citizen of Kyrgyzstan Alta Shakirova, “Viator microcredit” – by Aynur Aliyeva.

Out of 46 credit unions in Azerbaijan two are headed by women. So, the management of “Inci Kredo” was entrusted to Aminahanym Maharramova and the management of “Stimul” to Marifa Agayeva.

Women insurers

Shareholders of at least 3 out of 20 insurance companies in Azerbaijan are women. These companies are “Günay Insurance”, “Ip?k Yolu Insurance” and “Meqa Insurance”. Egyana Shirinova controls 67.55% of shares of Günay Sigorta, 77.48% – Jemila Askerova and Malahat Askerova (daughters of Jahangir Askerov) and 38.74% of shares of Ip?k Yolu Sigorta each, 19% of shares of Meqa Sigorta are controlled by Nazakat Ismailova. The chairman of the board of “Meqa Sigorta” is a woman – Sevinj Gulmaliyeva.

Women investors

At least 2 out of 12 investment companies in Azerbaijan are women as shareholders. Thus, “CPM-Invest” investment company is fully controlled by Kamala Mammadova, and “MFX-Trading” investment company by Zarifa Hasanova – about 30% of shares.

Source: Turan News Agency

Today is March 8 – International Women’s Day, APA reports.

Today, at the suggestion of Clara Setkin, it was founded in 1910 at the Second International Conference of Socialist Women in Copenhagen.

In Azerbaijan, this holiday has been celebrated regularly since 1917.

In 1998, the State Committee for Family, Women and Children was established in Azerbaijan. Azerbaijan is also represented in the Council of Europe’s Bureau for Women and is a full member of the UN Commission on Women’s Affairs.

Since 1995, our country has joined the International Convention on the Elimination of All Forms of Discrimination against Women.

March 8 is a non-working day in Azerbaijan.

Source: Azeri-Press News Agency

U.S. President Joe Biden on Tuesday signed an Executive Order to ban the import of Russian oil, liquefied natural gas, and coal to the United States – a move that the White House describes as “another blow to Putin’s war machine,” TURAN’s Washington correspondent reports.

Biden’s Executive Order bans:

* The importation into the U.S. of Russian crude oil and certain petroleum products, liquefied natural gas, and coal. Last year, the U.S. imported nearly 700,000 barrels per day of crude oil and refined petroleum products from Russia and this step will deprive Russia of billions of dollars in revenues from U.S. drivers and consumers annually.

* New U.S. investment in Russia’s energy sector, which will ensure that American companies and American investors are not underwriting Putin’s efforts to expand energy production inside Russia.

* Americans will also be prohibited from financing or enabling foreign companies that are making investment to produce energy in Russia.

The U.S. made this decision “in close consultation with our Allies and partners around the world, as well as Members of Congress of both parties,” The White House said in its fact sheet.

While the Biden administration had been hesitant to implement a ban amid escalating gasoline prices, calls to do so from both Democrats and Republicans have surged in recent days.

In his remarks on Tuesday, Biden acknowledged that the sanctions would come with a cost to Americans: “This is a step that we’re taking to inflict further pain on Putin, but there will be costs as well here in the United States.”

In the meantime, the White House assures that Washington is “united with our Allies and partners in working together to reduce our collective dependence on Russian energy and keep the pressure mounting on Putin, while at the same taking active steps to limit impacts on global energy markets and protect our own economies.”

“This announcement builds on unprecedented economic costs the U.S. and our Allies and partners have imposed on Russia. As a result of our historic, multilateral coordination, Russia has become a global economic and financial pariah.”

Over 30 countries representing well over half the world’s economy have announced sanctions that impose immediate and severe economic costs on Russia, cut off access to high-tech technology, sap its growth potential, and weaken its military for years to come.

The Russian ruble is now worth less than a penny and has hit an all-time low after losing almost half of its value since Putin announced his further invasion of Ukraine.

“By isolating Russia’s Central Bank and cutting off the largest Russian banks from the international financial system, we have disarmed his war chest of foreign reserves and left Putin to soften the blow of our sanctions.” The White House says.

U.S. and allied export controls are impacting industrial production in Russia, its commercial aviation, and other key sectors of the Russian economy.

“The United States and governments all over the world are going after Putin’s cronies and their families by identifying and freezing the assets they hold in our respective jurisdictions – their yachts, luxury apartments, money, and other ill-gotten gains.” The White House said.

Source: Turan News Agency

As of today, since the beginning of the invasion of the Russian Federation in Ukraine there have been killed 41 children, 76 children wounded.

This was reported by the Verkhovnaya Rada’ Commissioner for Human Rights Lyudmila Denisova in Telegram.

“Law enforcers of the Dnipropetrovsk region evacuated from Kharkov another 300 people. Among those rescued is a mother with three children who came under Russian artillery fire at night. According to the results of the shelling, one of her babies was injured by the shockwave. Also, during the conversation with the police, the woman reported that a neighbor’s child was killed in front of their eyes. In the town of Dergachy, Kharkov region, Russian army shelling struck lyceum No. 3 and residential neighborhoods. At least three dead and 15 wounded, including a 4-year-old child,” she said.

Also, according to the ombudsman, this morning it became known about 4 more wounded civilians in the Donetsk region, including a 14-year-old boy.

“It is still impossible to establish the number of killed and wounded in the cities of Mariupol and Volnovakha. These cities remain blockaded by Russian occupation troops. Once again, the occupant shelled civilians in the city of Nikolayev. This time, the occupants shelled the residential neighborhood of Balabanovka in the southern part of the city: 60 houses were damaged. Most of the bombs were cluster bombs banned by the 1949 Geneva Convention around the world. The Russian enemy in these days in Kharkov attacked about 30 secondary schools, 27 kindergartens, 5 institutions of higher education and boarding schools,” Denisova said.

Source: Turan News Agency

Kazakhstan is working on agreements to send cargo along the Aktau/Kuryk-Baku-Tbilisi-Kars route, Trend reports referring to the Kazakh government.

The issue was discussed during a meeting of the Operational Headquarters for anti-crisis measures chaired by Prime Minister of Kazakhstan Alikhan Smailov.

At the meeting, logistical issues regarding Kazakhstan’s cargo transportation were considered. In particular, the Minister of Industry and Infrastructural Development of Kazakhstan Kairbek Uskenbayev informed about on the negotiations and agreements reached with foreign partners.

“As regards the development of transit and logistics potential, agreements are currently being worked out with partners in the direction of cargo along the Aktau/Kuryk-Baku-Tbilisi-Kars route. The tariff issues are also being addressed,” Uskenbayev said.

Source: TREND News Agency