Azerbaijan's Economic Minister Discusses Green Development with U.S. Trade Administration Official

The VIII International Banking Forum has commenced in Baku, bringing together regional and global banking leaders to discuss the future of reliable, safe, and sustainable banking. Supported by the Association of Banks of Azerbaijan (ABA), the Central Bank of Azerbaijan, and the Ministry of Digital Development and Transport, the two-day forum serves as a premier platform for dialogue on innovation, financial technology, and the evolving payment ecosystem.

Reflecting the growing economic and strategic partnership between Azerbaijan and the United Arab Emirates (UAE), Minister of Economy Mikayil Jabbarov attended a ceremony in Baku on Tuesday, celebrating UAE Independence Day. This underscored the diplomatic and commercial importance of the relationship. The event, organized by the UAE Embassy, marked a rare appearance by Jabbarov at such gatherings, highlighting his influence on Azerbaijan’s economic policies and the significance of ongoing negotiations on the Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

In November, the State Tax Service fined 608 entrepreneurs who received payments for goods and services from clients' bank cards directly to their personal bank cards. Similar reports of fines for card-to-card transactions were issued by the Tax Service in October. The agency clarified that these violations were identified during monitoring activities at retail and catering establishments in Baku.

Azerbaijan has undertaken significant regulatory reforms to advance its digital and transport sectors, President Ilham Aliyev announced on Thursday, signing a decree amending the regulations governing the activities of the Ministry of Digital Development and Transport.