Last week review (June 16-20)

June 17

Azerbaijan, Uruguay sign agreement on customs cooperation

Uruguay and Azerbaijan signed an agreement on cooperation and mutual assistance in customs affairs, the Azerbaijani State Customs Committee said.

The document was signed during a delegation headed by Chairman of the State Customs Committee, deputy chairman of the World Customs Organization Europe Region Aydin Aliyev's visit to Uruguay.

The heads of customs services of the two countries exchanged views on developing cooperation and sharing experience at the meeting.

Azerbaijan can use Islamic countries' experience in social protection

Azerbaijan can use experience of Islamic countries in the issues of social protection.

Chairman of the committee on social policy of the Parliament of Azerbaijan Hadi Rajabli made the remarks at the session of the Steering Committee of the Organization of Islamic Cooperation on the execution of the framework document related to labor, employment and social protection held in Baku.

"Azerbaijan is one of the newly independent states, and of course, our country attaches great importance to the exchange of experiences and the development of management in various fields," he said.

The Azerbaijani MP said serious reforms are being carried by the Ministry of Labor and Social Protection of Population, adding that Azerbaijan needs advanced experience and know-how in this sphere.

The held session contributes to the development of relations among the OIC member countries and will be the basis for further action, Ambassador of Turkey to Azerbaijan Ismail Alper Coshkun said at the session.

Despite the fact that strong growth is observed in the field of labor, employment and social protection in recent years in all the member countries of the organization, it is obvious that muslim countries should continue to work to improve those areas, he said.

Azerbaijan, Iran to sign agreement on cooperation in postal financial services

Azerbaijan and Iran will sign an agreement on cooperation in the field of postal financial services, Iranian news agency IRNA reported.

Azerbaijani and Iranian Ministers of Communication and High Technologies Ali Abbasov and Mahmoud Vaizi discussed the two countries' cooperation issues in the field of ICT in Tehran on June 17.

The document on cooperation between the two countries in the field of postal services will be signed by late 2014. The parties agreed on the money transfer among Azerbaijan, Iran, Turkey and Kyrgyzstan.

While discussing the issue of cooperation between Azerbaijan and Iran in ICT, Vaizi said the sides will enhance cooperation in the field of data transmission services, in particular, increase the amount of voice and Internet traffic.

June 18

OIC member-states adopt action plan

The first meeting of the Steering Committee for the Implementation of the Framework Document on Labor, Employment and Social Protection of the Organization of Islamic Cooperation (OIC) ended in Baku.

The officials of state organizations from nine member-states of the committee (Azerbaijan, Turkey, Indonesia, Guinea, Cameroon, Kuwait, Saudi Arabia, Libya and Malaysia), as well as representatives of the Secretariat and subordinate organizations of the OIC, the International Labour Organization (ILO) attended a two-day meeting.

A draft action plan prepared for the implementation of a framework document was adopted at the meeting.

The action plan reflects the directions of technical cooperation for labor safety among the OIC member-states (2014-2016), the coordination of organizational activity on collecting statistics information on labor markets (2014-2015), the creation of a common information base about migrant workers (2014 - 2016).

June 19

Insurance share in Azerbaijan's GDP must reach 1% of country's GDP

A total amount of Azerbaijani insurance companies' premiums is expected to reach one percent of the country's GDP, chairman of the Azerbaijani parliamentary committee on economic policy Ziyad Samadzade said while opening the fifth Azerbaijan International Insurance Forum in Baku.

Currently, the share of insurance premiums in the country's GDP is 0.8 percent.

"I hope that the country's insurance market in the future will reach $1 billion," Samadzade said.

"The insurance sector is a very important segment of the Azerbaijani economy," he said. "Holding this forum in Azerbaijan is not accidental."

"Azerbaijan is one of the few countries in the world, which economy continued developing steadily in the period of the global financial and economic crisis," he said. "Currently, investment opportunities and efficiency of the country's economy are being increased."

"The Azerbaijani insurance market has increased six-fold for the last eight years thanks to the legal framework that meets international standards," he added.

Some $ 40 mln allocated to internally displaced persons in Azerbaijan

The preferential loans worth 414,500 manats were granted to 43 entrepreneurs of Jabrayil and Bilasuvar regions through the National Entrepreneurship Support Fund under the Azerbaijani Ministry of Economic Development.

The implementation of the projects through these funds contributes to creating about 60 new jobs.

The credit fair was held during a business forum as part of the "State program on improving living conditions and increasing employment of refugees and internally displaced persons" with the participation of about 100 entrepreneurs in the settlement No. 4 in Bilasuvar region, where temporarily displaced persons from the Jabrayil region settled.

June 20

Iran's private sectors to invest in Azerbaijan

The next meeting of Azerbaijani-Iranian intergovernmental commission on trade and economic cooperation will be held from August 4-5 in Baku, Iran's Deputy Minister of Industry, Mine and Trade Mojtaba Khosrow-Taj said.

He made the remarks at a press conference in the Iranian embassy in Azerbaijan.

"The private sectors of the two countries are interested in the development of cooperation," the deputy minister said and expressed gratitude to the business people participating in the expansion of the relations despite Iran's blockade.

Khosrow-Taj stressed that the economic potential of the two countries is much higher than the current level of cooperation, adding that during the visit there will be announced spheres where Iran's private sector can invest in Azerbaijan.

Key aspects of ICT sector regulation defined in Azerbaijan

Ministry of Communications and High Technologies of Azerbaijan will deal with the regulation of disputes among communication operators regarding the issue of the inter-operator communications, according to the ministry's provision approved by the head of state.

In accordance with the provision, curbing monopolistic activities of businesses entities and the elimination of unfair competition in the market are included to the authority of the ministry. The work in this area will be conducted together with the Ministry of Economy and Industry of Azerbaijan. However, the main task is to ensure healthy competition in the market and consumer protection.

The ministry will directly participate in the issue of protection and regulation of the use of frequency resources. The rules of using electronic means will be determined and monitoring will be conducted on the electromagnetic interference in this regard. In accordance with the law "On Telecommunications", the certification of telecommunication devices and equipment, as well as registration of mobile devices in accordance with the rules of the Cabinet of Ministers of Azerbaijan will be organized.

Iranian Energy Exchange announces products to be on sale October 21
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