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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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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