JSC "Agroleasing" has announced an open tender for the insurance of tractors and other agricultural equipment for a year. According to the company, competitors, by paying 500 manat can participate without restrictions, while presenting affordable services plus matching the terms and conditions of the transaction. Offers from insurers are accepted until 29 September, on the next day will be published the name of the winner of the tender. The OJC "Agroleasing" was created on October 23, 2004 at the Ministry of Agriculture of Azerbaijan. At the end of 2014-2015, it bought 6427 units of equipment, including 647 combine harvesters, 2.12 thousand tractors and other agricultural machinery. According to his data, procured agricultural machinery is produced mainly in China, Russia, Belarus, Belgium, Finland and Turkey. --17D-
Economics
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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In its latest Transition Report covering 2024–2025, the European Bank for Reconstruction and Development (EBRD) highly praised Azerbaijan's efforts in digital transformation and cybersecurity. The Bank noted that investments in digital networks have led to significant infrastructure improvements, including a one-third increase in internet speed over the past year.
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