Finance
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The Central Bank of Azerbaijan (CBA) has decided to keep the discount rate at 7.25%. This is reported on the CBA website.
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The board meeting held in the Accounting Chamber discussed ‘Audit report on the results of compliance audit on the use and management of public funds of the State Agency for Compulsory Medical Insurance of Nakhchivan Autonomous Republic. This was reported by the Chamber.
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About AZN 511 million, or about $300 million, has been granted to Azerbaijani entrepreneurs under the guarantees of the Mortgage and Credit Guarantee Fund on favourable terms so far.
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The ‘Association of Azerbaijani Insurers’ forecasts this year the insurance premiums in the country to exceed AZN 1.4 billion. This was announced by the Association's Executive Director Elmar Mirsalayev.
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