Passenger Transportation by BTK Railway to Begin by 2019

The Central Bank of Azerbaijan (CBA) has taken significant steps to ensure compliance with laws on combating illegal financing by imposing fines on two non-bank credit institutions, Finca Azerbaijan and PSG Finance, for violations of financial legislation. This action underscores the Central Bank's continued commitment to combating money laundering and terrorist financing in the country.

The II Azerbaijan-Uzbekistan Interregional Forum commenced today in Guba, Azerbaijan, aiming to explore and expand cooperation across various sectors between the regions of the two countries. Organized by the Export and Investment Promotion Agency (AZPROMO) and supported by the Ministry of Economy of Azerbaijan and the Ministry of Investment, Industry, and Trade of Uzbekistan, this forum stands as a pivotal event for bolstering regional ties.

On May 20, the Baku-Tbilisi-Kars (BTK) railway, recently expanded, marked its new beginning with the launch of its first freight train. Departing from the Absheron Logistics Center, the train, loaded with 20 containers, is set to traverse through Georgia, according to Azerbaijan Railways CJSC.

In a significant development at the Tajik-Azerbaijani business forum in Baku on May 20, Baku Steel Company JSC (BSC) and the Design Center for the Development of New Industrial Technologies of Tajikistan signed a Memorandum of Understanding (MoU) to strengthen mutual cooperation. This agreement was inked by Kamal Ibragimov, General Director of BSC, and Nekruy Zabirzoda, Director of the Tajik center, marking a forward step in the collaboration between these two entities.