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 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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