5 November 2026, Baku: A tree-planting campaign was held in the settlement of Mushfigabad ahead of Victory Day, with the participation of the Central Bank and financial institutions.

The campaign was organized under a Memorandum of Understanding on cooperation in tree-planting initiatives, signed to mark the 100th anniversary of the birth of Azerbaijan's National Leader, Heydar Aliyev. Participants included Bahruz Balayev, Counsellor to the Governor of the Central Bank, Bank employees, senior representatives of institutions and associations, and nearly 250 representatives of member organizations.

During the campaign, participants planted 1,250 Eldar pine and olive trees across a two-hectare area as part of efforts to restore the country's forest resources and expand green spaces.

The memorandum was signed on 13 March 2023 by the Ministry of Ecology and Natural Resources of the Republic of Azerbaijan, the Central Bank, the Azerbaijan Banks Association, the Azerbaijan Insurers Association, the Azerbaijan Microfinance Association, the Azerbaijan Capital Markets Association and the Azerbaijan Fintech Association. Under the agreement, the signatories aim to plant 1 million trees over 10 years, starting in 2023, at a rate of 100,000 trees annually. The initiative seeks to support the restoration of forest resources and contribute to environmental protection across the country.

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