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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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