Fahriyar Jabbarov has been appointed the head of the legal department of the Financial Markets Control House (FMCH) of Azerbaijan. He is a former member of the Supervisory Board of Synergy Group, and the First Deputy Chairman of the Board of this entity.
Recall that the FMCH Board of Directors consists of its head Rufat Aslanli, the Deputy Nigar Mammadova and a member Ilgar Ibrahimov. The Chief Executive Officer is Ibrahim Alyshev.
FMCH is the first public legal entity created by presidential decree in February this year. Its mission is licensing, regulation and supervision of the securities market, investment funds, insurance companies and credit institutions (banks, non-bank credit institutions and postal services), as well as payment systems. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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