The insurance upon fraud in financial structures grows. Last year in the framework of this kind collected 1,008,011 AZN with payments of 2,244,750 manats. For comparison - at the end of 2012 the ratio was 444.25 to 618.69 thousand manats , and in 2011 was paid only 6.12 million AZN with bonuses of 374.58 thousand manats.
According to local experts, the reason lies in improper management of the banking system and the lack of proper control. As a result, only the insurance company Baki Sigorta made a lump sum payment of 1.7 million manat or 75.9 % of total payments in this segment.
Growing demand for this type of service ( recorded 366.7 fold increase payments for 2 years) forced lawmakers to prepare amendments to the law " On Banking " and the central bank - to make a standard , comprising introduction of electronic circulation of documents based only on licensed programs. - 17D-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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