BAKU, Azerbaijan, November 14. Last week the Central Bank of Azerbaijan (CBA) said that it's creating a special platform for more flexible financing of companies from the capital market, Deputy Director of the Capital Market Policy and Supervision Department of the Central Bank of Azerbaijan (CBA) Samir Ismayilov said, Trend reports.
The platform is planned to be launched no later than the end of this month. Companies wishing to receive financing through securities will be able to apply online to the CBA, the Baku Stock Exchange CJSC, or the National Depository Center of Azerbaijan.
In addition, Standard & Poor's (S&P) Global Ratings agency assigned short-term and long-term ratings to Azerbaijan’s Entrepreneurship Development Fund at BB-/B level with stable outlook.
Last week it became known that Azerbaijan’s Entrepreneurship Development Fund plans to attract financial resources from international financial institutions in a few years.
Also S&P Global Ratings forecasted Azerbaijan's GDP growth at 4 percent in 2022. According to the reports, Azerbaijan’s GDP will grow by 1.5 percent in 2023 and 2024, and by 1 percent in 2025.
Moreover, Shareholders of Azer-Turk Bank OJSC have organized Supervisory Board (SB) with new members.
Last week it became known that President of the Azerbaijan Banks Association was elected Deputy Head of the Turkish Banking Union.
Furthermore, The European Bank for Reconstruction and Development (EBRD) has provided a $2 million senior secured loan to H and M Agro LLC to support the expansion of the hydroponic greenhouse in Azerbaijani Salyan city.