On the initiative of the Baku Interbank Currency Exchange (Bak? Banklararas? Valyuta Birjas?-BBVB) and Azerbaijan Microfinance Association (AMFA) on July 10 there was a "round table" with the participation of non-bank credit organizations (NBCO) on "Financial opportunities of the market for NBCO development."
According to the report by BBVB, during the meeting the participants discussed issues related to the structure of the financial market of Azerbaijan and its current state, the relevance of the money market, as well as the ability to control liquidity in the money market. - 15D -
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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