Finance
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The Central Bank of Azerbaijan has reinstated the license for an insurance agent issued to an individual, Nabiyev Sabukhi Zakirovich, the regulator's official website reported. The announcement states that the decision was made on November 19 in accordance with the Law on Insurance Activity. The reason for the reinstatement is that the insurance broker has addressed the issues that led to the suspension of the license. Currently, there are 426 individuals and 57 legal entities holding insurance agent licenses in Azerbaijan.
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A delegation from the Baku Stock Exchange (BSE) met with Arsal Makhtafar, the head of the Development Finance Institute at J.P. Morgan, the BSE reported. According to the statement, a presentation was shown during the meeting, highlighting Azerbaijan's economic indicators, the exchange's development path, strategic goals, and current status.
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The joint-stock company BOA Agency, which specializes in the accumulation of overdue debts (including bank loans) in Azerbaijan, will hold an extraordinary general shareholders' meeting on December 22 at 11:00, the company announced in the newspaper “Taxes” of the State Tax Service under the Ministry of Economy.
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