The staff of the Azerbaijan Mortgage Fund (AMF) has been insured under the voluntary medical insurance (VMI) for a total amount of 320 thousand manat. The majority of employees are insured individually for a year in the amount of 5 thousand manat each, and the three leaders – for AZN 10 thousand in the package of "classic".
The tender was won by the insurance company AzSigorta, says the AMF information. It won within quotation proposals drawn by AMF, so on May 12 the contract was concluded.
JSC AzSigorta with registered capital of 20.3 million manat received a license for insurance activity from CBA in November 2006. Its shareholder is an individual. By May 1, the company's premiums amounted to 11 million 301.19 thousand, with payments of 2 million 659.02 thousand manat. --17D-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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