Attituide to life insurance and pensions in Azerbaijan will eventually meet international standards.
As the State Insurance Supervision Service of the Ministry of Finance of Azerbaijan said, on the initiative and with the assistance of the Association of Actuaries of Azerbaijan and the international association of the same name there were organized and conducted three-day specialized courses. The lecturers were professors from the U.S. and the UK, after theoretical training local students proved susceptible to the new material.
The sessions were devoted to ethics and accounting skills of actuaries, the basics of social and pension insurance. - 17D-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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