Finance
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The Central Bank of Azerbaijan (CBA) in the accordance with the Law ‘On Payment Services and Payment Systems’ has set a requirement for licensed organisations to undergo an audit from 2025.
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The State Oil Fund (SOFAZ) sold foreign exchange worth $6,494 million in January-November 2024.This was reported by the Fund.
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'Qala Insurance' company won an open tender for voluntary insurance of the administrative building and data centre of 'AzInTelecom' company, subordinated to the Ministry of Digital Development and Transport.This is reported on the unified internet portal of public procurement.
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As continuation of reforms carried out in Azerbaijan in the field of digital transformation, the procedure for opening bank accounts remotely should be revised and improved in compliance with the requirements of the day.
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