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-
Economics
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Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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