On 29 October this year in Osaka started a major international financial forum SIBOS, which annually gathers thousands of representatives of the leading credit and financial institutions around the world.
As always, the forum will be attended by representatives of leading banks, financial institutions and corporations, as well as consultants, developers and suppliers of equipment and solutions for the financial sector. At the meetings SIBOS attention discuss a wide range of topical issues in the global financial industry, including issues relating to interaction between banks and major corporations around the world, the introduction of new financial services, and the development of capital markets, improving risk management systems, and more.
Like last year, PASHA Bank participation in this event is an opportune moment for the presentation of its own capabilities and achievements of the year. "This is the third international forum SIBOS, where we are actively involved. Such events can establish new business relationship and learn about technological advances in banking and more. In short, SIBOS is a "banking platform", opening market players a new ground," said the Chairman of the Board of the bank Farid Akhundov.
The event will last until November 1. -15D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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