JSC AGBank began to work in the international system of money transfers Ucuz Para Transferi (UPT).
As reported in the bank, now operations through the new system are available in all subdivisions of the bank.
UPT is provided by the Turkish financial institution Aktif Bank. Sending and receiving money through it takes a few minutes and the exchange commission is paid only by the sender, according to the tariff table. The system has about 14 thousand service stations covering all 82 provinces in the country, as well as 14 European countries.
AGBank today is also active in the money transfer systems Western Union, Interexpress, Contact, Blizko, Leader, Migom, Faster, Coinstar and Bystraya Pochta. - 15D -
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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