ALCA with their counterparts in Russia and Belarus established the International Union of Leasing
Association of Leasing Companies of Azerbaijan (ALCA), together with the Association of Lessors of Belarus and the Russian Association of leasing associations registered non-profit organization International Leasing Union (ILU).
As reported in the ALCA, the main thrust of the new organization will be the preparation of programs and the development of cross-border leasing and participation in the development of national legislation aimed at its development, the presentation of economic, commercial, public interest and the rights of participants in ILU in international organizations.
In the long term to maintain the union of leasing companies they plan to hold stock, marketing and research, as well as seminars, conferences, exhibitions and meetings. -15D -
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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