Without improvement of the banking system, it is impossible to develop the real economy of the country, MP Vahid Ahmadov believes.
According to him, the way of recovery of the banking sector goes through solutions to the problem of overdue loans.
This problem sometimes leads to tragic consequences when citizens are unable to pay loans after two devaluations and commit suicide, he said in a conversation with Turan IA.
Ahmadov together with MP Ali Masimli submitted to various institutions a package of proposals on solving the problems of the banking sector and the economy, expecting that the authorities will take them into account when making specific decisions. -06D--
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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