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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The State Statistical Committee of Azerbaijan announced amendments to its 2012 decision on labor-related statistical surveys, aiming to improve the data collection framework for employee professions, salaries, and work hours.
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The State Oil Company of Azerbaijan (SOCAR) is preparing to sign a major contract with a Pakistani company in the future, signaling strengthened trade and economic cooperation between the two countries.
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Azerbaijan's Minister of Energy, Parviz Shahbazov, chaired the inaugural meeting of the Coordination Council for implementing the "Action Plan for the Phased Introduction of Electricity Market Elements," approved by the Cabinet of Ministers in May this year.
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