Five more insurance agents have been deprived of their perpetual licenses for professional activity.
According to the information on the site of the State Insurance Supervision Service under the Finance Ministry of Azerbaijan, the Ministry's decision is based on their own statements. The list includes Javad Babazadeh, Siyavush Alizadeh, Fuad Hagverdiyev, Murad Niftiyev and Sabir Suleymanov. Thus, from the beginning of the year the licenses of 200 insurance agents from the 1,140 have been canceled.
Recall, now there are 940 insurance agents (61,879 legal entities and natural persons) and 19 insurance brokers (8 legal entities and 11 individuals) in Azerbaijan. On the medium European standards it is a bit, but the quality of services of many intermediaries does not meet the requirements. For this reason the Association of Insurance Companies of Azerbaijan prepares the "black list" of this category of the insurance market. The list is prepared with the purpose of informing about unreliable insurance intermediaries having large debts to customers, providing false information and having other shortcomings. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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