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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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