The list of partners of the processing center «AzeriCard» was replenished by another credit institution. The JSC «Ziraat Bank Azerbaycan», founded by Turkish Ziraat Bankası, and having since the beginning of the year the license of the Central Bank of Azerbaijan, joined the system now. According to the Center, a cooperation agreement between the parties was signed in July, and will soon step up work to establish the infrastructure of the bank card. On December 30, 2014 the CBA issued the license for the activities of «Ziraat Bank Azerbaycan» with an initial registered capital of 50 million manat. Partners of AzeriCard Processing Center under the International Bank of Azerbaijan are now 34 banks. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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