Insurance company Alfa Sigorta became the national award winner in Azeri Business Award in the category Dynamic Development based on estimates of growth.
As stated in this financial structure is the result of renovation work in 2013. A new development strategy, completed the restructuring with a focus on the application of innovative approaches implemented restyling aims to update the business processes carried out creative advertising campaign in the final stage new information portal , and a lot more then the area of innovation.
According to the chairman of the Audit Commission Ch. Musa Zadeh , institutional development and well-coordinated work of the team to achieve the goals it should be noted the role of the shareholder - JSC Bank Technique. Noted also was the focus on the further development of the company and improve the business model , the use of innovative approaches , and promoting the development of the insurance market in the country .
Alfa Sigorta got a license to operate in 1997. The sole shareholder is JSC Bank Technique.
The authorized capital is 7.78 million manat. The company provides more than 35 types of compulsory and voluntary insurance . - 17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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