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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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