Attracting Center for banking certification services under the CBA
The Azerbaijan Center of banking certification services has started operation today. According to the information of the Central Bank of Azerbaijan (CBA), the innovation will help to minimize the risks for the customers of financial and credit institutions with electronic banking and to expand legal services for the settlement of disputes between banks and their clients.
In addition, will be improved electronic signature within the domestic CBA systems as well as credit institutions, government agencies and banks' customers. Security of information system will be enhanced to provide connection to the center in real time, issuing customers advanced e-signatures and backup centers of resistance. --17D-
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- 8 April 2016 14:51
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- Politics
- 8 April 2016 15:18
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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