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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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