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Central Bank comments on selection of KPMG Audit Azerbaijan as auditor

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https://report.az/storage/news/9b3b4029473d60660cc5c9d68e934cea/3e3530eb-b27c-4f30-a8b8-6006ccfb2e5c_292.jpg© Report

KPMG Audit Azerbaijan LC was selected as an auditor of of Azerbaijan (CBA) and results of the tender were approved in accordance with the Law on Central Bank of Azerbaijan.

CBA told Report that KPMG Audit Azerbaijan LLC is an Azerbaijan-based member of KPMG, global network of professional firms providing Audit, Tax and Advisory services, and operates under requirements of Chamber of Auditors and legislation.

‘Annual activity of the CBA is audited by not only local companies, but also representatives and partners of KPMG’s offices in Moscow and London. Results of the audit enter into force and are publicized after approval of the head office’, the CBA said.

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Azerbaijan

Global oil demand to hit a plateau around 2030 IEA Predicts

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Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.

While the current growth rate of 1 million barrels a day or about 1% — will hold for the next five years, it will ebb to just 100,000 barrels a day in the 2030s, the agency said. By that time, the use of oil-based fuels in passenger cars will have peaked, the IEA said in its long-term World Energy Outlook.

Global oil demand averaged 96.9 million barrels a day last year and will climb to 105.4 million a day in 2030, the IEA projected. After that, the growth rate of 100,000 barrels a day is about half the level the agency predicted in last year’s report, and is concentrated mostly in the aviation, shipping and plastics sectors. Demand will reach 106.4 million barrels a day in 2040.

Yet despite the flattening of oil demand, worldwide emissions of carbon dioxide from energy will keep increasing after 2040 as developing nations continue to burn coal for power generation, according to the report.

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Azerbaijan

Azerbaijani Naval Forces fulfill assigned tasks during operational exercises

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The Naval Forces of Azerbaijan fulfill the assigned tasks as part of the ongoing operational exercises, the Defense Ministry reported Thursday.

According to the plan, the data received by the Naval Forces control group based on introductory is plotted on maps.

The ship tactical groups involved in the exercises, accurately and efficiently accomplish tasks in the area of responsibility in the Caspian Sea.

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Azerbaijan

Turkey prevents major terrorist attack in mall

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A major terrorist attack has been prevented in a mall in Turkey’s Adana province as a result of a special intelligence operation, Trend reports via Turkish media.

Reportedly, two terrorists of Kurdistan Workers’ Party (PKK) have been detained, with one of them being a Syrian citizen.

The second detainee is a Turkish citizen, who was trained in a PKK terrorist camp in Iraq’s north.

No other details of the operation have been reported.

The conflict between Turkey and the PKK, which demands the creation of an independent Kurdish state, has been lasting around 40 years, claiming more than 40,000 lives. The PKK is recognized as a terrorist organization by the UN and the EU.

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