At today's plenary session of Milli Majlis 4 new members of the Board of the Central Bank of Azerbaijan were approved.
The new members are Togrul Aliyev, Gular Pashayeva, Ali Ahmedov and Vusal Khalilov, who are still general directors of the CBA.
In addition, Rashad Orujev was excluded from the Board by the Milli Majlis' decision.
Thus, the number of permanent members of the Board of Directors rose from 3 to 6. This number should be 7 according to the Law.
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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