Employees of insurance companies will be trained in a special program, prepared by The Chartered Insurance Institute (CII) jointly with the Association of Professional Risk Managers of Azerbaijan (ARPA).
Speaking to reporters, the Regional Director CII Mark Greenwood said the accelerated program is designed for three quarters, while the classical studies last a year and a half.
According to him, joint activities are designed to prepare several educational programs tailored to local needs.
The initiative of the association of risk managers operating since 2009 is the establishment of an expert group on insurance matters consisting of representatives of insurance companies, the Ministry of Finance and ARPA. Training programs are developed on the basis of expert opinions. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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