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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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