The President of the Board of Directors of the Financial Markets Supervision House (FMSH) Rufat Aslanli discussed the WB recommendations on the financial stability in Azerbaijan with the Chief Specialist of the World Bank Angela Prigogine on November 4. As Turan was told in the FMSH press service, the main subject of the discussion was the action plan for reforms in the field of banking supervision, including deposit insurance and solving problems on non-performing loans.
The action plan also includes areas of legal, regulatory and supervisory framework of the financial market in Azerbaijan. -----08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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