An annual general meeting of shareholders of the insurance company AtaSigorta, has been scheduled for June 9, although 100% of the securities are at the disposal of the investment AtaHolding.
According to the financial agency, the main issue will be to discuss the results of its operations last year. Both the Board and the Council of Directors will report and then financial statements confirmed by an auditor's report will be approved.
In addition, the issue of the distribution of profits earned last year will be solved.
JSC AtaSigorta received a license for insurance activities in September 2004.
According to the Association of Insurers of Azerbaijan, by April 1, the joint stock company raised 2 million 347.26 thousand manat with payments of premiums at the level of 776.79 thousand manat (ratio of 33.1%). --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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