The International Finance Corporation (IFC), with the participation of the Ministry of Economic Development, will hold a presentation of the assessment methodologies for corporate governance on October 8.
The Baku office of IFC told Turan the event will be attended by representatives of the German Commission on Corporate Governance and the Group of Consulting Services for the Private Sector of the Global Corporate Governance Forum.
The Azerbaijani Corporate Governance Code was developed with the participation of IFC and adopted in January 2011 and is voluntary for companies. The Code is consistent with the basic principles of corporate governance of the Organization for Economic Cooperation and Development (OECD).
Several banks, insurers and micro-crediting institutions in Azerbaijan meet the requirements of the Code. - 08D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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