CBA orders methodology of security
A new methodology for security system will be implemented at the Central Bank of Azerbaijan (CBA).
As CBA stated, the technology must conform to ISO 27001:2013. The system should also provide stability in emergency situations and disaster recovery plans.
For this purpose, a tender was announced, in which companies with experience of such systems in banks and large financial institutions can take part. The applicants must have experience in implementation of at least two similar projects in the past five years.
Under the terms of the tender, the methodology should be ready within 150 calendar days from the date of conclusion of the contract with the winner. Stamp duty for participation in the tender is 150 manat.
Call for tenders on the tender until August 8, tender evaluation - August 11. - 17D-
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- Social
- 24 June 2014 11:18
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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