BAKU/11.09.13/TURAN : In the Financial Monitoring Service (FMS ) under the Central Bank of Azerbaijan in August 2013 received 32,438 pieces of information on suspicious and current accounts, which is 15.7 % less than the previous month.
According to the service , within eight months of this year, they received 212,696 data. In comparison with January-August 2012 the figure rose to 52,896 units , or 33.1 percent.
Financial Monitoring Service operates since 2009 and is the body responsible for state policy in the field of combating money laundering and terrorist financing. - 15B -
Economics
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The market for vegetable and animal fats in Azerbaijan is largely shaped by a structural dependence on imports, as domestic production remains insufficient to meet the country's growing consumption needs. This dependency is underscored by several economic factors, including limited agricultural production and a lack of processing facilities, leaving the sector ill-prepared to reduce reliance on foreign supplies.
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The INMerge Ventures venture capital fund has been established in Azerbaijan, aimed at boosting the development of the country’s innovative and startup ecosystems, officials announced on Tuesday.
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Azerbaijan is set to roll out a comprehensive digital economy development strategy in 2025, aimed at transforming the country's economy through human capital development, innovation, and the digitalization of business processes, an official announced on Tuesday.
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Issues related to the development of the energy sector through digital innovations were the subject of negotiations between Rovshan Najaf, President of SOCAR, and Seita Hagihara, President and Vice President of Yokogawa Electric Corporation, a leading Japanese multinational company specializing in electrical engineering and industrial automation.
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