By the decision of the Board of Directors of the Financial Markets Control House (FMCH), the Directors of two departments in FMCH were appointed.
According to the FMCH press service, as the Deputy Chief Executive Officer of FMCH, Director of the Department of Strategic Services Asim Zulfugarov was appointed. Before that, he worked as head of the financial sector investigation division of the Central Bank’s Investigation Department.
Imran Mammadov became Director of the FMCH Department of Control of Banking Activities. He worked previously in the Credit Institutions Control Department.
The decision to create FMCH on the basis of the State Committee for Securities, the State Insurance Supervision Service under the Ministry of Finance and the Financial Monitoring Service of the Central Bank was taken on February 3, 2016. The FMCH Charter was approved on March 10. -----08D
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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