The next magazine RISK Azerbaijan Risk Professionals Association (ARPA) has been released.
It is mainly dedicated to the Year of the information and telecommunication technologies, announced by the President. Experts and corporate members of the organization will be able to learn more about the risks in the space industry, operating risks, the use of information technology for oil, as well as the electronic payment system in banks.
On line magazine is on corporate governance and its basic principles. The publication is distributed among the full members of the Association.
Until today, ARPA had 29 corporate and 700 independent members. A number of other organizations are in the process of entering the ranks of the association and reach agreements. - 17D-
Economics
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According to data released by the State Statistics Committee, Azerbaijan’s agricultural sector achieved slight production growth in the first eight months of 2024. The total volume of agricultural production reached 8.723 billion manats, which is 0.8% higher than during the same period last year. However, this growth occurs against a backdrop of increasing food imports, despite significant government subsidies aimed at supporting domestic agriculture.
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Azerbaijan has unveiled strong fiscal indicators for the first eight months of the current year, reporting a state budget surplus that underscores the country’s economic resilience amidst global uncertainties. According to operational data released by the Ministry of Finance, state budget revenues from January to August 2024 reached 25 billion 223.4 million manats, while expenditures amounted to 22 billion 362.4 million manats.
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Azerbaijan has made significant progress in diversifying its energy balance, with renewable sources playing an increasingly important role in the country's electricity production. Operational data for January-August 2024 show that total electricity generation reached 19,235.4 million kilowatt-hours (kWh), marking a noticeable shift towards greener energy.
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Bilateral relations between Azerbaijan and Russia are accelerating, particularly in the agricultural sector, as Deputy Prime Minister Shahin Mustafayev and Russia’s Minister of Agriculture Oksana Lut underscored during their high-level meeting on September 13 in Baku.
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