The number of local insurers, who have the right to provide services for CTP insurance, has reached 12.
This was made possible after the Ministry of Finance restored the license of the company Alfa Sigorta on the liability insurance of car owners (CTP). According to the company, the right to provide these services has been valid since January 18.
Recall that in July 2012, the company's right to provide CTP insurance was annulled by the Ministry of Finance because of numerous violations.
JSC Alfa Sigorta has worked in the insurance market of Azerbaijan since 1997. Its sole shareholder is BankTechnique. The company has the right to provide services on 33 types of voluntary and 4 types of compulsory insurance. --17D
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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