International Insurance Company (IIC) has become another corporate member of the Association of Risk Professionals of Azerbaijan (ARPA).
As Turan was told by the spokesman of the Association Nigar Darabadi, one of the important tasks of ARPA at this stage is the creation of a network of professionals in this field.
"It starts with a broad program to involve individual members in ARPA, to be useful directly by the experts, rather than corporations. In the framework of Online Association (www.arpa.az) there is open online-registration, where practically anyone can become a member and enjoy the products of ARPA. In this case, each member is entitled to vote at the General Assembly of ARPA," the expert believes.
On July 23 the Association held this year's first meeting in connection with the transition to the new format of the members.
Until today, ARPA has had 29 corporate and 700 independent members. A number of other organizations are in the process of entering the ranks of the association and reach agreements. -17D-
Economics
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Food prices in Azerbaijan’s capital, Baku, increased by 5% during the first nine months of 2024, highlighting rising inflationary pressures in the domestic market, the Turan agency reported.
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Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.
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Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.
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The Azerbaijan Trade Forum, held on October 7, underscored the vital role of small and medium-sized enterprises (SMEs) in enhancing the country’s non-oil exports. Jointly organized by the Small and Medium Business Development Agency (SMBDA) and the Association of Customs and Logistics Companies of Azerbaijan, and supported by Pasha Holding, the event brought together stakeholders from various sectors, including import-export, logistics, production, and customs representation.
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