The Financial Markets Supervision Authority (FIMSA) will monitor the receipt of funds earned from exports, the Association of Banks of Azerbaijan (ABA) said.
ABA hosted a meeting of representatives of FIMSA, ABA and commercial banks, dedicated to the new Regulations of Import-Export Operations.
FIMSA will control the process on the basis of information received from banks regarding the admission of proceeds from exports to the bank accounts of the exporters.
To do this, each bank must obtain from his exporting client information in the electronic form regarding the value of the exported goods, and identify means of delivery and add the information in the electronic form. -------71D
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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