On November 24-25 Banking Forum will be conducted in Baku, organized by the Association of Banks of Azerbaijan (ABA).
The forum on the theme ‘Prospects of banking in the post-oil era’ will be devoted to the problems of adaptation of the financial and banking system to the post-oil period, financial stability, new products and innovations in the banking system.
The forum will be attended by representatives of the supervisory authority of the banking and financial system, international organizations and embassies operating in Azerbaijan, chairmen of members of supervisory boards of banks affiliated with ABA. -----71D
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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