JSC «Khalq Bank» intends to improve the risk management system. According to the tender announcement of the bank (http://www.xalqbank.az/az/bank/bank-in-life/kiv-about-bank/news/asc-xalq-bank-ac-q-tender-elan-edir-1), applicants must demonstrate in three phases the ability to analyze the current system of risk management in the bank, to match it with the best practices, prepare a target model with the optimal variants of its application in the real world. The Bank accepts proposals from consulting firms to April 30, 2016. The Bank will determine the winner of the tender on May 30, 2016.
JSC «Khalq Bank» with registered capital of 211.6 million AZN operates under license from the Central Bank December 30, 2004. Shareholders are : OOO «Ideal Business Ko» (50%), EuroStandard LLC (33,85%) Amal Invest Group (16,15%). --17D-
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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