Azerbaijan seeks banking co-operation with Hungary
Deputy Chairman of the Central Bank of Azerbaijan (CBA) Aliyar Mammadyarov held a meeting with Deputy Chairman of the Central Bank of Hungary Barnabas Virag within the framework of the annual meetings of the World Bank and the International Monetary Fund in the US capital Washington. This is reported by the CBA.
According to the information, the meeting expressed satisfaction with the existing cooperation relations between the central banks and praised the organisation of joint visits for training and exchange of experience.
They also exchanged views on the current economic ties between the countries, macroeconomic situation and opportunities for co-operation between financial sectors.
Finance
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As of the end of this year, the Central Bank of Azerbaijan (CBA) decided to reduce the number of territorial departments by 2 times at the end of this year. This is reported on the website of the structure.
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A regular meeting of the Accounting Chamber has been held under chairmanship of the AC Chairman Vugar Gulmamedov.This was reported by the Chamber.
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The Baku Stock Exchange (BSE) has completed the auction on placement of ordinary, non-documented registered shares of ‘Geoengineering’ JSC (provides geological engineering services) in the amount of AZN 90, 000. This is reported by the BSE.
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As of the end of September 2024, credit unions in Azerbaijan had a balance sheet capital of AZN 9.4 million. This is stated in the credit union review published by the Central Bank of Azerbaijan.
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