The 7th branch of JSC Khalg Bank opened in Baku. The name is a symbolic one - Jubilee - due to the 10th anniversary of the financial agency.
In general, it is the 26th branch in the country. The branch acting at 11 Avenue Azerbaijan, Baku will provide individuals and legal entities with a full range of banking services.
Khalg Bank received a banking license on December 30, 2004. Its shareholders are three entities: LLC Euro Standard, Ideal Business and Avant-garde. --17D-
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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