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 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.
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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.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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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.
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