JSC Azerbaijan Investment Company (AIC) signed an agreement with JSC Pasha Sigorta on a contract for voluntary health insurance for employees. The parties are permanent partners.
According to the register of state contracts, the contract value amounted to 12,600 manats, 12% more than in 2015. In 2014, the parties agreed to 11,700 AZN.
In 2015 AIC reported that it had 25 employees.
AIC was created in 2006 in order to support investment projects in the non-oil sector. From the State Oil Fund the company with 100% state capital has received 160 million manats. Currently AIC participates in the capital of several companies. -----08D
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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