Tools of monetary easing are intended to introduce this year by the Central Bank of Azerbaijan.
As stated in the press release of the CBA, the main task of the regulator of financial flows in the current financial cycle is to actively support the preservation of macroeconomic stability aimed at maintaining economic growth and social welfare.
"In order to support economic development, the Central Bank will use the possibility of monetary policy, especially monetary easing tools. In addition, the Central Bank plans to ensure the stability of the financial sector through immunization activities and flexible risk management, promote the empowerment of the business environment to obtain long-term loans," is emphasized in the press release.
In addition, the Central Bank intends to implement measures aimed at reducing the rates on bank loans, and incentives to attract long-term resources to the banking sector. --17D-
Economics
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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
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