At the local insurance market social payments lead
Last year, on all types of insurance companies paid the amount of AZN 93,860,880, which is 34.4% more than in 2011 (61.57 million). For insurance claims of voluntary produced 75,320,570 manats payments.
The greatest amount of compensation was in the social items, particularly in health insurance - 40.88 million manat. Hull auto insurance paid 22.84 million manat, voluntary life insurance paid 3.04 million manat, travel insurance - 240,230 manat.
By accident insurance paid 1.57 million manat, property insurance against fire and other risks - 2.43 million manat, insurance waterways - 750,460 manat aircraft - 888,830 manat (anti-record for all years) . Cargo insurance paid 365,700 manat, voluntary liability insurance of vehicle owners - 258,270 manat.
Voluntary insurance of civil liability for the conclusion of regulations paid 7,510 manat, general liability insurance - 141,440 manat, employer's liability insurance - 58,100 manat. Most of the positions of liability paid to owners of aircraft - 1.2 million manat.
The death and death of livestock, as well as the deaths of the crop as a whole offset 219,200 manat, on fraud employees paid an incredible amount of 618,690 manat.
Mandatory insurance generally paid on contracts 18.54 mln in compensation. Stand out cases of disability at work - 1,179,050 manats. Compulsory insurance paid by the military tradition the most - 7.29 million manat, compulsory state insurance judges and law enforcement officers - 818,950 manat, the old CTP paid 577,210 manat, as the old compulsory property insurance against fire - 438 390 manat.
By items, included in the list of the new tariff, the situation is as follows: the compulsory insurance of civil liability of vehicle owners (new CTP) paid 7.32 million manat, compulsory property insurance - 909,070 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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