Insurance Company Ateshgah successfully completed the last financial year.
Turan was told in this financial structure, in all types of insurance collected 37 million 812.71 thousand manats. Most of them came in voluntary types - 20.45 million manat. For compulsory they collected 17.36 million AZN. Property insurance gave the company 14 million 578.8 thousand manats, which is comparable to other leading position - hull liability insurance of vehicle owners.
Personal insurance (accident, VHI, risk insurance and travel) collected 4 million 849.57 thousand manats, insurance of all kinds of voluntary civic responsibility - AZN 1 mln 22.98 thsd.
Insurance Company Ateshgah was established in late 1996. The insurance group consists of Ateshgah and JSC Ateshgah Hayat.
At the end of 2012 premiums of this financial structure were 53.5 million manat and payments - 13.2 million manat.
The group of insurance companies Ateshgah provides insurance services to clients for more than 20 types of insurance. - 17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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