Ltd Baku Bus announced the winner of the tender for the insurance of their buses.
According to the information of State Procurement Agency, it is the company PASHA Sigorta. A contract worth 1 million 204.38 thousand manats has been signed with it.
Subordinated to the Executive Power of Baku, LLC Baku Bus was founded in April 2014, based on the decision of the Cabinet of Ministers of Azerbaijan Republic with the intention of bringing bus transport services Baku in line with international standards and to ensure the safety of passenger transportation.
The insurance company PASHA Sigorta is part of Pasha Holding since July 2006. Its authorized capital is 50 million AZN.
By September 1, it collected 46 million 34.88 thousand manats with payments of 19 million 361.95 thousand manats, which provided its leadership in this segment of the financial market. --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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