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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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