As a result of restructuring activities in the banking sector stabilization tendencies are observed, Chairman of the Board of Directors of the Financial Markets Supervision Authority (FIMSA) Rufat Aslanli said at a meeting with the head of the International Monetary Fund (IMF) mission Mohammed al Gorchi.
The FIMSA head informed the IMF of a phased implementation plan to identify the principal risks and ways to address them in the insurance market, the FIMSA press service reported today. He thanked the IMF for support and guidance to improve the stability of the financial sector.
Mohammed al Gorchi noted that the IMF supports the activities in the banking and insurance sectors, and expressed confidence that these steps will contribute to the financial sector of Azerbaijan. -----08D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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