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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In a significant step towards advancing economic reforms, Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with a delegation led by Charles Donald, Chair of the OECD Working Party on State Ownership and Privatisation Practices and CEO of the UK Government Investments Agency. The meeting underscored Azerbaijan's partnership with the Organisation for Economic Co-operation and Development (OECD) and explored new avenues of collaboration.
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Azerbaijan is finalizing work on the "E-KOB evi" digital portal, aimed at streamlining business operations and enhancing coordination between entrepreneurs, state agencies, and private entities, Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), said.
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On December 3, Azerbaijan's Cabinet of Ministers approved new regulations requiring small electric transport vehicle operators to provide detailed data on vehicle use and operator information to government systems, effective immediately.
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In November 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold $574.6 million, pushing the total dollar sales for the first 11 months of the year to $6.5 billion. According to SOFAZ, this represents a 40.8% increase compared to November 2023, when sales reached $339.9 million.
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