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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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