The June 8 meeting of the Board of Directors of the Financial Markets Control House discussed the rates for its services rendered to subjects of the financial market. The FMCH press service said these tariffs had not been approved yet.
At the same time it pointed out that the tariff policy and the new tariffs for services will be established taking into account "international practice and Azerbaijani realities" on the principles of fairness and transparency.
A source in an investment company told Turan the draft scale of charges had not been submitted for the preliminary approval.
Effective from February of this year, FMCH has no information resource.
The FMCH meeting approved a methodology for determining the systemic importance of banks. It has been prepared on the basis of the standards of the Basel Committee on Banking Supervision of the World Bank. The text of the document is not made public. ----08D
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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