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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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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