Fourth International Insurance Forum will be held in Baku on June 20-21.
According to the website of the Association of Insurance Companies of Azerbaijan, it has become a traditional event which will cover a number of pressing issues for the financial world order. Among the most popular aspects are issues of insurance and reinsurance markets in the financial crisis, the main trends and prospects of insurance in the region.
As the practice of the past years, the forum is an effective platform for interactive discussions between the representatives, and its results are aimed at strengthening cooperation between national markets in the insurance industry.
Participation in the forum confirmed managers of local insurers and insurance, reinsurance and brokerage companies in the Caucasus region (Turkey, Georgia, and Russia), CIS countries and some European countries. - 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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