In February 2017 the insurance companies entered into 6,329 contracts of compulsory insurance of immovable property (CIIP), according to the Bureau for Compulsory Insurance.
Insurance fees for CIIP in February amounted to 1,265,386 manat. 4,140 contracts were concluded for houses and apartments, 26 for office buildings, and 2,163 for other real estate.
In comparison with January 2017 the number of insurance contracts decreased by 16% or 1,206 units, and insurance fees decreased by 51.3%, or 1,334,614 manat.
Compared with the same period last year, the number of contracts increased by 7.2%, and the fees increased by 67.4%.
Thirteen insurance companies, that is, Ateshgah, Standard Insurance, Ata Sigorta, Khalg Sigorta, Pasha Sigorta, AXA MBASK, AzSigorta, State Insurance Commercial Company, Mega Sigorta, Ipek Yolu, Azerbaijan Senaye Sigorta, Qala Sigorta, and Gunay Sigorta conclude CIIP contracts. ---71D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review