The next meeting of the Board of Directors of Millikart Limited Liability Company is expected to be held next week. The concluding date of the meeting has not been agreed yet and it will depend on the possibility of the Directors, Trend reports quoting the Processing Center.
The meeting will cover the current questions, including making amendments to the 2007 budget of the Center. It is intended to reconsider the budget due to the price increase for the energy carriers and communal services. For this year, the budget of Millikart has been approved at the level of AZN 500,000.
According to the 2007 business plan, Millikart plans to achieve full self-repayment and close the year with zero, but receiving initial revenues are planned from 2008. However, depending on the activity, the first revenues may be obtained from this year. The National Bank of Azerbaijan (NBA) has signed a constituent agreement on passing the centre to the management with 18 banks. Millikart was established on 14 June, 2006. The founders of the centre are Atabank, AzerDamirYolBank, AzerTurkBank, Bank of Baku, CIBank DebutBank, AmrahBank, KhlgBank, KredoBank, Microfinancing Bank of Azerbaijan, ParaBank, RabitaBank, RespublikaBank, Bank Standard, TekhnikaBank, TuranBank, UniBank and ZaminBank.