By the decree of the president Ilham Aliyev, the head of the deputy chairman of the Chamber's Board of Directors for the control of the financial markets of Azerbaijan was appointed. She was born in 1973, previously worked as director of the Department of Market Operations of the Central Bank of Azerbaijan. The Chamber was established by the decree of the President in February this year as a legal entity of public law in order to improve regulation and supervision of the securities market, investment funds and insurance and credit institutions. In addition, its function is to control over payment systems, the fight against terrorism financing and legalization of money and property acquired through criminal, increasing the transparency and flexibility of supervision in this area. Since March 10, Rufat Aslanli the chairman of structure is the head of the working group for its creation. --17D-
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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