At the July 26 meeting with the banking community the head of the Financial Markets Control House (FMCH) Rufat Aslanli supported the establishment of Azerbaijan's Private Credit Bureau (PCB).
"Creating PCB is an indicator of the development of infrastructure of financial services. Later it can be joined by non-bank credit organizations, systems of municipal payments, mobile operators, and online retail sales," said the Chairman of the FMCH Board of Directors.
According to the FMCH press service, Azerbaijani banks have already formed the Executive Committee on the creation of PCB. They have chosen the company Credit Info as a technical partner (Iceland).
The Icelandic company apart from technical support will become a shareholder of PCB. The company will participate in the development strategy of the credit bureau. ----08D
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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