AXA MBASK to Live in New Way
The insurance company AXA MBASK with the strengthening of the main shareholder begins to live by the new rules. September 18 at 10:00 will be a general meeting of shareholders for the purpose of creating the Audit Commission.
As they say the government media, the event was first held in the new office of the company (business center Azure in Baku at Nobel Avenue, 15). On the agenda there is only the said question.
Those interested can contact for more information to Fuad Musa call 5965570 (extension - 116).
Earlier, Turan reported that the proportion of AXA Group in the share capital of a local financial institution has reached 84% (19,202 shares or 7,353,170 manat), which allows it to take unilateral decisions. Eldar Garibov has 16%.
Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services on 25 voluntary and 4 compulsory insurance items.
In October 2010, the insurance company changed its main shareholder, and on 7 December of that year, its license was renewed. The controlling stake (51%) was acquired by AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).
Paid-up share capital of the company amounts to 8,732,520 manats. It has a national network of 5 branches and representative offices. - 17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review