International rating agency Moody's Investors Service upgraded the long-term rating of Khalg Bank term local and foreign currency from B3 to B2 level .
As reported in the bank, the agency affirmed the bank financial strength rating of E + and Short-term bank deposits in national and foreign currency at B3/NP.
Assessing the prospects Khalg Bank, Moody's analysts noted that the improvement of the forecast is based on factors such as the strengthening of the Bank's position in the market, a high level of profitability, asset quality , strong capitalization . In Moody's expressed confidence that the diversification of financial resources , asset quality and profitability over the next 12-18 months could have a more positive impact on the bank's ratings . -15D -
Economics
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The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
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