The Bureau of Compulsory Insurance (BCI) informs that in June (http://isb.az/iyun-ayinda-dasinmaz-emlakin-icbari-sigortasi-uzre-11-639-muqavile-baglanilmisdir) within the framework of compulsory insurance of real estate 13 specialized companies signed 11,639 contracts (minus 14% to June of last year) in the amount of 4.2 million AZN (minus 17%).
Most of the policies (79.8%) were sold for homes and apartments, 19.8% - for non-residential premises, and 0.4% - for administrative buildings.
The civil liability of owners of real estate did not interest citizens at all - 310 contracts worth 22.68 thousand AZN were signed in June. On the insurance of passengers 28 contracts were signed for 7,190 AZN. --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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