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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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