Formation of the audit institution and the financial sector meeting the modern and advanced European standards is one of the priority tasks of the Financial Market Control House. On March 30, at the first meeting this was said by the Chairman of the FMCH Board of Directors Rufat Aslanli.
Rufat Aslanli said that the institutional changes in the financial sector are carried out in order to minimize "the global financial and economic crisis" on the economy of Azerbaijan.
As the main objectives of FMCH Aslanli called the implementation of the state policy in the sphere of regulation and supervision of financial markets, the licensing of credit institutions, insurance and investment and so on finance companies and the fight against money laundering and terrorist financing.
It was committed to diagnose the depth and scale of the problems in the field of FMCH controlled sectors.
Today FMCH Board of Directors includes three people. According to the constitution, the President appoints all five of its members. ----08D
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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