The financial system in Turkey is actively introduced in the local banking network.
Thus, according to of the Central Bank of Azerbaijan, Ziraat Bankasi has officially appealed to the leadership of the main financial regulator for permission to establish a subsidiary bank in Azerbaijan.
According to CBA, the completion of consideration of the application and licensing a subsidiary bank of Ziraat Bankasi is expected before the end of the year.
Note that Ziraat Bankasi has been present in the banking market of Azerbaijan since 1995, as a shareholder of Azer-Turk Bank. --17D-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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