Ali Asgar Monsan, Director of Free Economic Zone (FEZ) Kish, said in his interview to IRNA news agency that everything is ready on the Kish island for opening of branches of foreign banks.
Monsan added the issue of opening of foreign banks’ branches on Kish was on the agenda from the beginning of the Kish island creation. He expressed hope that owing to the diplomatic efforts of the country aimed at lifting of the sanctions against Iran, favorable conditions will be created for operation of foreign banks in Kish.
Monsan also said that Kish FEZ is the most convenient place for opening of foreign banks’ branches.—0--
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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