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 Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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