The least used segment of compulsory insurance is insurance of passengers. As of June 1, with the carriers there were signed 57 agreements in total premiums of AZN 42.28 thsd.
According to the Bureau of Compulsory Iinsurance, for all of last year on this type of insurance was concluded 363 contracts (93 thousand 427 manats premiums).
According to the Ministry of Transport (http://mintrans.az/?mod=inside&lang=az&menu=116), only in Baku are about 4 thousand buses of varying capacity. With an average daily plan of 100 manat (excluding regions), it is 12 million manats a month.
Passenger insurance is optional, but the Finance Ministry has not yet got a scheme to raise funds in this segment. Or, there are more important things to overcome, or rather transportation officials and monopolists do not let them do so. - 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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