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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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