Fivefold increase in the requirements of the Central Bank of AR to the level of capitalization of the market participants will have a positive impact on the efficiency of the banking system, the First Vice-president of the Finance and Banking Council of the CIS, the Chairman of the International Bank of Azerbaijan Jahangir Hajiyev said during the VII Baku International Banking Conference.
According to the Chairman of the Coordinating Council of the Financial and Banking Council of CIS Anatoly Kazakov, against the background of the global political and economic tensions cooperation among the CIS countries should deepen. "We need new ways and concepts. Truly, a concept has been prepared before 2020, but for the constant replenishment of the economy long-term money is required. It is of great importance, given the decline in oil prices. Azerbaijan, Russia and Kazakhstan have not been able to diversify their economy yet. Therefore there can be tense situations," he stressed. --17D-
Economics
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As Azerbaijan gears up to host the 29th UN Climate Change Conference of the Parties (COP29), the State Migration Service (SMS), in partnership with the COP29 Organizing Committee and COP29 Azerbaijan operating company, has implemented measures to simplify migration registration, enhance information dissemination, and expedite issue resolution for incoming delegates. Ulvi Aliyev, a representative from the SMS, highlighted these efforts during a briefing at Heydar Aliyev International Airport as part of a media tour organized to showcase Azerbaijan's preparations for the event.
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Baku - The Government of Azerbaijan, in collaboration with relevant agencies, continues to explore carbon pricing scenarios as part of its commitment to sustainable development and climate action. This was announced by Samira Musayeva, Deputy Chairman of the State Tax Service, during the 5th Dialogue on Sustainable Development Goals in Baku, themed "Voices of the Future: Coordination of Climate Action and Global Goals."
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Azerbaijan's Information and Communication Technologies Agency (ICTA), the country's regulatory body for telecommunications and postal services, conducted a regular training session under the “Competition Safeguards” project, supported by the European Bank for Reconstruction and Development (EBRD), the agency reported on Tuesday.
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The United Nations has supported Azerbaijan's COP29 presidency in its efforts to prepare for the largest climate conference of the year, UN Resident Coordinator in Azerbaijan Vladanka Andreyeva said on Tuesday at ADA University. The statement was part of a Sustainable Development Goals dialogue titled “Echoes of the Future: Climate Action and Coordination of Efforts Toward Global Goals,” co-organized by Azerbaijan’s Ministry of Economy and the UN office in the country.
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