Insurance Company A-Group in the framework of the UN to comply with road safety has made the first steps. On the roads of the capital they placed road signs and billboards with the logo of the financial structure, calling not to neglect belts in cars.
A year earlier, the company was considered a purely "medical" - up to 95% of premiums were tied to the VHI. Now, however, it makes the room for Hull car insurance. According to the State Insurance Control Service, the share of voluntary health insurance in January-April amounted to 76.5% of the 2.45 million manat. In this case, property insurance, in contrast to previous years, the first time exceeded 100 thousand manats.
According to the company itself (http://www.a-group.az/az/rus/news2.php), over-year growth of car insurance amounted to almost 180%.
A-Group established in 1995 provides services for 14 types of voluntary insurance.
At the local insurance market it is the only structure chosen by the International Finance Corporation (IFC) for the implementation of the second phase of a pilot program to improve corporate governance.
Earlier this year, A-Group has once again confirmed the compliance with the international quality standard ISO 9001. - 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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