CBA: investment company appears on social networks
The Central Bank of Azerbaijan (CBA) has warned about the investment company "Maryam Invest", which offers services to citizens of the country through social networks.
This is reported on the website of the regulatory body.
The report says that new cases of fraud have been attempted outside the country recently.
Research based on the appeals of citizens who came to the CBA showed that unknown people are trying to embezzle people's money, promising high incomes. They are trying to gain the trust of citizens on the basis of forged documents as stating that "Maryam Invest" has received a license from the Central Bank. In so doing, they encourage people to transfer money to accounts in foreign banks that they represent.
The CBA urges the population to be careful not to be deceived by such offers, to indicate in the list of investment companies licensed by the CBA the name of a legal entity offering these services before it uses investment services (https://www.cbar.az/page-200/investment-companies ). -0-
Finance
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As of the end of 2023, investments of the State Social Protection Fund (SSPF) under the Ministry of Labor and Social Protection of the Population amounted to 2,515.3 million manats, the conclusion of the Chamber of Accounts on the draft budget law for the Fund for 2025.
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In Azerbaijan, approximately 6.5 billion manats will be allocated from the state budget for 2025 to implement the "Social and Economic Development Strategy for 2022-2026", the conclusion of the Chamber of Accounts on the draft law "On the State Budget for 2025." According to the document, this amount represents a 17.2% increase compared to the approved forecast for 2024.
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