BAKU, Azerbaijan, June 6. Last week it became known about the appointment of new members of the Board of the Central Bank of Azerbaijan (CBA), Trend reports.
They were Rashad Orujov, who is currently the CBA's general director, and Aliyar Mammadyarov, who is an adviser to the chairman of the CBA.
In addition, it was reported that PASHA Bank plans to launch its own mobile phone application for accepting payments by the end of 2022.
Negotiations are underway, to implement this project, between PASHA bank and the State Tax Service under the Ministry of Economy of Azerbaijan to introduce the possibility of using a mobile device, along with a POS terminal, and as an online cash register.
Also it was reported that the S&P Global Ratings agency revised its forecast for Azerbaijan's GDP growth.
According to the forecast, Azerbaijan's real GDP growth rate is expected to be 2.7 percent in 2022.
According to agency, this is 0.7 percent more than in the forecast as of December 2021.
In addition, it became known that according to the report of S&P Global Ratings agency, the forecast for inflation is 10 percent, which is 5.5 percent more than in the previous forecast.
Also this week it was reported that S&P Global Ratings agency updated the forecast of Azerbaijan's current account balance.
According to the rating agency, the current forecast for the current account balance is 18.4 percent of GDP.