A Member of the Board of Directors of the Financial Markets Control House (FMCH) of Azerbaijan Ilgar Muradov was appointed the Chairman of the Board of Trustees of the Azerbaijan Deposit Insurance Fund (ADIF).
He replaced the Chairman of the Supervisory Board of Uni Bank Eldar Garibov, who was elected in January this year instead of Chingiz Asadullayev, who is Chairman of the AG Bank Supervisory Board.
On July 13, perturbations in the ADIF Board of Trustees were reported, after which the Council was formed consisting of: Chief of the Financial and Insurance Market Regulation Department of the Ministry of Finance Ziyaddin Allahverdiyev, the Head of the Strategic Planning and Forecasting Department of the Ministry of Economy Yalchin Azizov and the Chairman of the Board of OJSC International Bank of Azerbaijan Elmar Mammadov.
ADIF was created on August 13, 2007. -0--
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Rəy yaz