The licenses of another 15 individuals providing services as insurance agents have been canceled. According to the decision of the Ministry of Finance on the basis of the submission of AR State Insurance Supervision Service, perpetual licenses were canceled for Ulvi Bagirov, Elchin Efendiyev, Farhad Akberov, Vyusal Farzaliyev, Alim Hasanov, Miryahya Huseynov, Nigar Guliyeva, Altay Mammadov, Eldar Mammadov, Mardan Mammadov, Tahir Mammadov, Julia Milevskaya, Afgan Safarli, Parvin Sharif and Farid Teymurov.
The reasons for this distrust by the Ministry of Finance were not listed. Since November last year, they decided to revoke the licenses of more than 40 individuals to provide services as insurance agents.
According to the ministry, in 2014 licenses to operate as insurance agents were received by 109 individuals. --17D-
Economics
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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On February 11, Azerbaijan opened a trade house in Punjab (northeastern Pakistan), an event described as "significant for strengthening bilateral relations between Azerbaijan and Pakistan" by Pakistani media. The opening ceremony, which involved the Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, was attended by officials and marked an important step in economic collaboration.
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