The list of foreign insurance, reinsurance and brokerage companies listed in the register of the State Insurance Supervision Service under Finance Ministry of Azerbaijan. For example, in the register of insurers and reinsurers included two British companies: Arch Insurance Company (Europe) Limited and QBE RE (Europe) Limited. Thus, the total number of foreigners in this category has reached 161. The British company is the Direct Insurance London Market has expanded the register of foreign brokers - now the number of brokerage firms on the roster has reached 79. Registry was created by the Ministry of Finance according to the law "On insurance activity". It includes foreign insurance, reinsurance and brokerage companies with a high rating. It has been done so that local financiers have relied on leading partners from abroad during the transactions. --17D-
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