Today started the Azerbaijan Banking and Financial Forum. The two-day event organized by Adam Smith Conferences will discuss topics related to the country's role in the international financial markets, investment banking, relations between foreign and Azerbaijani financial institutions, development of retail banking products, corporate finance and other tools.
According to the report by Pasha Bank (sponsor of the discussions), the forum was attended by over 100 representatives of various public and private organizations, including the International Finance Corporation, the World Bank, Asian Development Bank, European Investment Bank, the Central Bank of Azerbaijan, and other organizations representing financial sector.
As the member of the Board, Chief Investment Officer of Pasha Bank Taleh Kazimov said, such events are important in terms of the exchange of views and they build a professional dialogue between business and government agencies, as well as local and foreign experts. "We expect that the forum will be a great platform in which experts will share their vision of further development of the banking sector, asset management, capital markets and other areas," he said. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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