The Baku population will be provided with greater access to Paypoint machines. While until now there are about 460 payment terminals, by the end of the year the number will increase by 200 units.
The company SilverKey Azerbaijan plans expansion not only of the network of terminals, but also services. Through Paypoint terminals people pay for utility services, fixed and mobile communications, Internet and cable television. In the near future the terminals will download SMART-cards used to pay for the production association Azeriqaz (national carrier of gas). By the end of the year drivers will be able to pay fines for traffic errors through these terminals.
This kind of financial services is not so popular in Azerbaijan, but its benefits are obvious. For the clients it is easy to use short transactions, without standing in queues in the traditional areas of payments. They appreciate the availability of services at any time of the day, the ability to simultaneously perform several different payments, and secure transactions. - 17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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