Next Week Kicks Off the Second International Microfinance Conference
Azerbaijan Microfinance Association is organizing on 4-5 October this year, the Sixth International Conference on Microfinance "Time to think: Risk Management."
As reported in the Association, the conference will focus on establishing an adequate internal control system, the introduction of appropriate technologies for the microfinance sector in Azerbaijan in remote areas, the role of women in microfinance, financial literacy skills of middle management, the social activities at the country level, etc.
The event will take place in Monolit Plaza. The principal partner of the conference is Pasha Bank. The participation of local banks as AccessBank, DemirBank, Parabank and TuranBank, and the European Bank for Reconstruction and Development, Finance in Motion, INCOFIN, Trilpe, etc. is expected. -15B -
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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