The International Finance Corporation (IFC), with the participation of the Ministry of Economic Development, will hold a presentation of the assessment methodologies for corporate governance on October 8.
The Baku office of IFC told Turan the event will be attended by representatives of the German Commission on Corporate Governance and the Group of Consulting Services for the Private Sector of the Global Corporate Governance Forum.
The Azerbaijani Corporate Governance Code was developed with the participation of IFC and adopted in January 2011 and is voluntary for companies. The Code is consistent with the basic principles of corporate governance of the Organization for Economic Cooperation and Development (OECD).
Several banks, insurers and micro-crediting institutions in Azerbaijan meet the requirements of the Code. - 08D-
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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