Investors have shown an increased interest in the shares of privatized companies

President Ilham Aliyev has signed a decree approving amendments endorsed by the Milli Majlis, introducing new food safety measures in line with the 2022 Food Safety Law. The amendments bring various existing regulations in line with the standards set by the “Food Safety Law” (Law No. 523-VIQ), enacted on May 5, 2022.

At the 11th Summit of the Organization of Turkic States (OTS), held in Bishkek, Kyrgyzstan, member states signed a Digital Economy Partnership Agreement (DEPA) to promote cooperation in digital sectors. The Ministry of Economy announced that the agreement, initiated by the Fourth Industrial Revolution Analysis and Coordination Center (4sim) under the ministry, aims to deepen collaboration among OTS member states in areas like e-commerce, regulatory harmonization, customs, and financial technology (Fintech).

High-ranking officials from the central banks of Kyrgyzstan, Azerbaijan, Kazakhstan, Turkey, and Uzbekistan signed a memorandum to establish a Council of Central Banks at the 11th Organization of Turkic States (OTS) summit in Bishkek. The council aims to strengthen collaboration on monetary policy, financial stability, and technology development, according to a statement from OTG Secretary General Kubanychbek Omuraliev.

Azerbaijan’s Ministry of Economy has projected steady economic growth of 3-4% annually through 2026 under the “Socio-Economic Development Strategy for 2022-2026,” a cornerstone of Baku’s renewed push to diversify and modernize the economy. Central to this blueprint is a notable expansion in the non-oil and gas sectors, anticipated to grow at an average rate of 5% each year.