Interview

This year the Azerbaijani insurance market is heavily dependent on legislative decisions – introduction of life insurance specializing companies and licensing on main types of compulsory insurance, which by 1 October provided 35.5% of overall insurance premiums.
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Azerbaijan’s energy operator Azerenerji OJSC has announced competitive recruitment for the Departments of Strategic Planning and of Investments
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Azer Safarov, advisor to the chairman of board of Bank IBA-Moscow, the Russian subsidiary of OJSC International Bank of Azerbaijan (IBA), has welcomed the fact that Islamic banking is developing in the EU.
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Extradition of Azerbaijani officer Ramil Safarov from Hungary and his pardon by President Ilham Aliyev continues agitating the international community.
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The Islamic Development Bank (IDB) has called for nominations from individuals and organizations for two separate Prizes for the year 2013 for “Science and Technology” and “Women’s Contribution to Development”
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The Central Bank of Azerbaijan has published a report on financial stability for the first half of 2012 which demonstrates that thw country economy does not need extra large banks except International Bank of Azerbaijan.
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