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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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