Bucharest:During a working visit to Romania, Vugar Oruj, Chairman of the Board of the Azerbaijan Society of Appraisers (ASA), visited the Romanian Senate. Oruj was given a tour of the Palace of Parliament, a significant architectural and historic landmark in the country, before meeting with two members of the Romanian Senate.

According to Azerbaijan State News Agency, Oruj met with Cristian-Augustin Niculescu, Substitute Senator of the National Liberal Party, and Senator Varga Glad-Aurel, Chairman of the Senate Committee on the Environment. They discussed the activities of the ASA, the development of Azerbaijan's valuation sector, and the application of international best practices in the field.

Oruj provided an overview of Azerbaijan's progress in organizing valuation activities, training professional appraisers, establishing national valuation standards, and collaborating with international organizations. He highlighted the role of valuation in the real estate market and its significance in investment and economic decision-making.

The meeting also addressed environmental issues, focusing on the green economy, sustainable development, and the impact of environmental factors on land and real estate values. The participants emphasized the importance of integrating environmental risks into the valuation process and the need to learn from international experiences.

Discussions included European valuation standards, strengthening ties between professional organizations, and sharing Romania's expertise with Azerbaijani specialists. The senators acknowledged the memorandum of cooperation between the ASA and the National Association of Authorized Appraisers of Romania (ANEVAR).

Vugar Oruj also informed the senators about the ASA's international cooperation initiatives and efforts to increase the presence of Azerbaijani appraisers in the European professional community.