PASHA Bank Participating in SIBOS - 2012
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
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review