Open Joint Stock Company AtaSigorta declared the winner of the open tender for insurance administrative building and containing the property of the Mortgage Fund under the Central Bank of Azerbaijan.
"The leadership of this financial structure of the estimated achievement as confirmation of the high level of confidence in AtaSigorta on the part of state-owned companies and a consequence of the proper relationship to corporate and individual clients," Turan was told in the company.
JSC AtaSigorta, member of the group of companies AtaHolding, is one of the founders and member of the Bureau of Compulsory Insurance. It has operated in the insurance market since 2004 and operates on 22 types of voluntary and 4 types of compulsory insurance.
Paid-up share capital of the company reached 7.6 million manat in February.
The service network of AtaSigorta consists of four branches and four representative offices. - 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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