By August 11 change of the shareholders of the insurance company Chartis Azerbaijan is possible. Delay of the general meeting of the holders of financial structure is associated with the departure of the main shareholder from the local market.
As stated in the company, at the annual general meeting on August 11 they will discuss the results of last year's activities will be approved financial statements for 2013.
Chartis Azerbaijan completed 2013 with a loss of 154,858 manat with AZN 927,610 in premiums and payments of 412,840 manat. In January-May this year, its work was par - premiums totaled 39 200 AZN and payments were 272 AZN.
The authorized capital of the company is 6,786,500 manat, which allows it to continue the activities on the Ministry of Finance license. - 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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