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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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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