Azerbaijan Mortgage Fund (AMF) is interested in insuring the car park, the office building, stock and property, as well as mandatory liability insurance in the operation of the office building. According to the structure, voluntary health insurance (VHI) workers is also held as a separate line.
Receiving offers from insurance companies will be held until April 13. The assessment is scheduled for April 14. Stamp duty for participation in the survey is 50 manat for each type of insurance.
AMF was established in December 2005 and in March 2006 it began to issue mortgage loans. In view of the disadvantages, issuing social mortgage lasted from January to July 2007.
On June 1, 2009 the process of issuing mortgage loans on commercial terms was resumed through 28 agent banks. In this case, on commercial terms mortgage loans are issued through funds raised from the issue of the Fund's own bonds. Social mortgage is provided by the budget. --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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