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 President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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