The chairman of the National Bank of Kazakhstan Timur Suleymenov
A delegation headed by the chairman of the National Bank of Kazakhstan Timur Suleymenov visited Azerbaijan. This was reported by the Central Bank of Azerbaijan.
Within the visit, CBA chairman Taleh Kazimov received the delegation of Kazakhstan, the report says. The meeting expressed satisfaction with the level of existing ties between the central banks of both countries, highly appreciated the recent sustainable development rates, held a wide exchange of views on the current macroeconomic situation, monetary policy, payment systems, modern financial technologies and other areas.
It is worth reminding that last year a memorandum of understanding was signed between the two structures. The document provides for expansion of cooperation in the field of monetary policy, financial sector, payment systems and financial technologies, exchange of experience and information, as well as organisation of bilateral visits.
Finance
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The analysis shows that the economic growth in Azerbaijan in 2026-2028 will be fully ensured at the expense of the non-oil and gas sector.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In January-August 2024, two state financial institutions of Azerbaijan jointly paid dividends in the amount of AZN 169.9 million, or about $100 million. This is stated in the conclusion of the Accounting Chamber over the Draft Law ‘’On State Budget for 2024‘’.
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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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