Within three months of implementation of the law "On mandatory types of insurance" to fully replenish the compulsory insurance against accidents and illnesses in the workplace. During this time, the information base and replenish the Bureau of Compulsory Insurance.
According to the Decree of the President, released the day before, an early version of this provision related documents will be changed in accordance with an amendment.
As the relevant executive authority figures Cabinet of Ministers of Azerbaijan.
Earlier, the law covers four types of compulsory insurance - insurance of civil liability of vehicle owners (CTP) insurance, property insurance, liability insurance for the operation of real property and personal insurance of passengers. The law applies to 16 December 2011.
The information base of the Bureau of Compulsory Insurance has been connected by 11 companies and now there are three more to subscribe - Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta. - 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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