The city of Sheki and the neighborhood areas started the first appeals to the insurance companies for compensation of damage from the quake. The AXA MBASK received two applications from local residents - in the bearing walls in private homes appeared cracks, and damage is estimated from 500 to 600 manat.
Other companies (Standard İnsurance, Azerbaycan Senaye Sigorta, Ateshgah, Azsigorta, Azersigorta), with branches in the area did not receive such appeals. --17D—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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