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 economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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