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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President Ilham Aliyev's decree of 28 March 2022 ‘On Approval of the Upper Limit of Ratio of Non-oil Base Budget Deficit to Non-oil Gross Domestic Product (GDP)’ is not honoured.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In 2025, the subsistence minimum in Azerbaijan will amount to AZN 305 for able-bodied population, AZN 232 for pensioners and AZN 246 for children. This is stated in the Draft Law ‘On Subsistence Minimum for 2025’.
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