2014 February 20 (Thursday) 11:34:46
BAKU/20.02.14/Turan : Azerbaijan's insurance market not only grow, but will be simpler and more affordable.
Yesterday a license of insurance agent was received by Ltd. Innovation, - the founder of the ASAN Khidmet public service agency for services to citizens and social innovation in the Presidency . According to the Ministry of Finance , it has become possible after the successful certification of the public service of insurance supervision .
License will enable the agency to provide insurance brokerage services for the population of the territory of Azerbaijan . Today, 4 of its branches are located in Baku , one - in Ganja and one in Sumgait. In addition, the agency provides outreach services through equipped buses. -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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