Local insurance companies for the year can collect 320 million manats.
As told reporters the chief of the State Insurance Supervision Service Finance Namik Khalilov, the forecast by more than 100 million will exceed last year's results (213 million manat) and more than twice - the results of two years ago (155.59 million manat).
According to him, the insurance market has lot of promising niches, from which the most important in capacity is agricultural insurance. The government has plans to improve the mechanism of insurance risks in this area. However, compulsory insurance of this segment of the economy is not seen as the main option. - 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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