The customers of insurance services have become more demanding of insurers.
According to a leading specialist for licensing, complaints and State Insurance Supervision Service of the Ministry of Finance of Azerbaijan Orkhan Bayramov, on the insurance Olympics, in the last six years, the number of financial claims of citizens has increased several times. "Since the beginning of this year in insurance supervision has received more than 300 complaints to the insurers. They concern not only the failure of the insurance payments and late payment. Many complaints are on the tariffs and other issues," he said.
In his view, the growing number of complaints should not be seen as an increasing amount of fraud on the part of companies, by contrast, every year the amount of compensation given short cut. Customers simply by educational projects were literate and more sensitive to their consumer rights. - 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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