![Actuaries in the law](https://turan.az/resized/750/500/resize/media/2014/main/071000083835.jpg)
Actuaries have become an effective link in financial services. The head of state has approved amendments to the law "On State Duty".
According to the amendments, the state fee for obtaining a certificate of conduct of actuarial activities determined in the amount of AZN 50.
According to the insurance legislation of Azerbaijan, from January 1, 2015 reports of insurance companies must be approved by an insurance actuary, which will be vetted and will receive a certificate at the Ministry of Finance.
Mandatory application of actuarial services in Azerbaijan is introduced for the first time. This profession is not exotic in Azerbaijan - each insurance company has at least one actuary. Representatives of the profession are mathematicians engaged in the development of methodology and calculation of insurance rates, bringing risks to the minimum payments. - 17D-
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- Economics
- 10 July 2014 14:47
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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