The Moscow subsidiary of the International Bank of Azerbaijan (IBA-Moscow) repaid two syndicated loans totaling $ 104 million.
According to the report, the first of them (in the amount of $ 50 million) was brought together from JSC Novikombank, JSC MSP Bank, JSC Bank Uralsib and JSC RosEuroBank.
The second one (in the amount of $ 54 million) was also attracted from a group of leading Russian and Latvian banks.
Bank IBA-Moscow was founded in 2002. Its network consists of 14 sales offices in Moscow, St. Petersburg and Yekaterinburg. --17D-
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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