Being in the process of liquidation (its functions have been transferred to the Financial Market Control House - FMCH), the Financial Monitoring Service under the Central Bank of Azerbaijan issued a final report for the past year. This document has been voiced by the new regulator of the financial market.
According to an official statement, compared to the year 2014, the information on suspicious and current operations increased by about 12% - from 415,000 to 465,668 reports by the end of 2015.
The Financial Monitoring Service of Azerbaijan was established in 2009 on the basis of the UN initiative in the framework of the international fight against the financing of terrorism and dirty money laundering.
Its functions were passed to FMCH in March 2016. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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