Baku October 21, 2015. A cordial meeting with the Country Manager of World Bank, Mrs. Larisa Leshchenko, in the frame of the new business trip to Azerbaijan organized by Ital Caspian for Creasys srl. The Italian company presented to the
Bank the assessment services for the Costs Estimation of complex programs, as part of its overall monitoring solution, based on the principles of ERM (Enterprise Risk Management). This solution named “ICOSMOS” is the new Cost Management Framework born from the partnership between PRICE Systems and Creasys. The solution provides to the client an integrated tools platform, and a services catalogue that have been located for managing and monitoring of complex projects/programs from the preliminary stage to the closing stage. It is a solution that the World Bank considers as extremely valuable for the beneficiaries of its loans in different sectors including Justice (e-Justice) in Azerbaijan. Azerbaijan joined the World Bank in 1992 and since then, World Bank loans to the country have totaled over $3 billion spread over 55 projects. Currently, the World Bank investment portfolio in Azerbaijan includes 16 projects with a total commitment of $2 billion. During its business trip, Creasys also attended other high-level meetings with Ministry of Justice and Azeri Space Agency “Azercosmos”.