The three-day VII Baku International Banking Conference started. The event is supported by the Executive Committee of the CIS, the Finance and Banking Council of the bCIS and the International Bank of Azerbaijan.
The program provides a discussion of the strategic cooperation between the CIS countries in the light of their financial and banking systems, as well as the problems and prospects of the restructuring of national financial markets. In addition, attention will be paid to the peculiarities of interaction of CIS financial markets in the global political turbulence, the use of the world payment systems and the establishment of national payment systems within the organization, the role of national regulators to optimize the number and quality development of the financial markets, as well as new approaches to sources of capital and recapitalization of the banking sector, including the exchange products. --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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