Turan Bank decided on the audit of the financial statements for this year, focusing on the international company Deloitte & Touche, which will draw up the documentation to international standards.
The agreement was reached between the parties on the results of the tender conducted in accordance with the policies of the bank - said the bank. Recall, the bank statements for the past year were audited by the same company.
Turan Bank since 2002 has trusted the audit not only to the said partner, but also to PricewaterhouseCoopers and KPMG.
Turan Bank with an authorized capital of 50 million 2.47 thousand manats was established in June 1992. The founders are 6 legal entities and 22 individuals. It has 15 branches and 6 offices. --17D-
Economics
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Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
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The world faces a shortfall of up to $87 billion annually for climate adaptation efforts by 2030, according to Lord Livermore, Financial Secretary to the UK Treasury. Speaking at the panel discussion titled "Mobilizing for Climate Action: Countries, Multilateral Financial Organizations, and the Private Sector Implementing the Paris Agreement," Livermore highlighted the urgent need for increased investment in adaptation measures.
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In the first nine months of 2024, Azerbaijan’s alcohol and non-alcoholic beverage production totaled a mere $53 million, underscoring the dismal outcomes of the State Program for the Development of Winemaking (2018–2025). Despite being endorsed by the president in 2018, the program has delivered lackluster results despite formal state funding. In essence, the state intervention intended to foster growth in the industry has yielded minimal success.
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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