Assets of Ata Sigorta insurance company in 2016 increased by 1.7% or 550,431 manat in comparison with 2015, making up 32,232,136 manat, the company's report says.
During the reporting period, the liabilities of the insurance company decreased by 4.5% or 727,814 manat and amounted to 15,452,510 manat.
The capital of Ata Sigorta for the mentioned time increased by 1,278,245 manat or 8.2%, reaching 16,779,625 manat.
The total revenues of the company in 2016 amounted to 16,030,887 manat, and the expenses were 14,279,926 manat.
The authorized capital of Ata Sigorta functioning since 2004 is 12 million 400 thousand manat. ------71D
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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