The authorized capital of the Central Bank of Azerbaijan has totaled 500 million AZN. This became known after the Milli Majlis at today's meeting approved amendments to the Law on the Central Bank. Recall, the current level of authorized capital of the Central Bank is 10 million AZN.
The MPs also approved Article 5 of the law providing for the expansion of the functions of the main regulator of financial flows. Now, the CBA will calculate the total external debt of the country on both public and private sectors, as well as make international investment balance and compile and disseminate the information. --17D-
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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