JSC Demir Bank intends to evaluate its own property and has announced a competition among the specialized companies.
Applicants for the contract should have experience of property valuation of banks in accordance with international standards - it requires five years' experience, the ability to create a professional report based on the works within one working day in any region of Azerbaijan.
Proposals will be accepted by the bank management before October 26.
JSC Demir Bank has operated on the local market since 1989. Its shareholders are more than 850 individuals and legal entities. Among the shareholders - the European Bank for Reconstruction and Development (25% + 1 share), Netherlands Development Finance Company (FMO, 10%). --17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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