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IBA reduces share of US government bonds in its investment portfolio

In 2023, the International Bank of Azerbaijan (IBA) reduced the share of US government bonds in its investment portfolio, opting instead for local bonds, Azernews reports. ....

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Decline in foreign liabilities signals stability in Azerbaijani banking sector [ANALYSIS]

In a recent report released by Azernews, citing data from the Central Bank of Azerbaijan, it has been revealed that the foreign liabilities of Azerbaijani banks have experienced a significant decrease. As of May 1 of the current year, the volume of foreign liabilities stood at 2.417 billion manats, marking a notable shift in the financial landscape of the country s banking sector.

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COP29 Azerbaijan Presidency's Volunteer Programme kicks off

The registration process has been initiated to organise the participation of volunteers in the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC) to be held in Baku this November, Azernews reports.

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Azerbaijan marks 28 May - Independence Day

Today, Azerbaijan marks the Independence Day, Azernews reports. ....

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Independence Day of Azerbaijan celebrates in Tel Aviv

The Embassy of Azerbaijan in Israel organized an event dedicated to May 28 - Independence Day, Azernews reports. ....

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