Fourth International Insurance Forum will be held in Baku on June 20-21.
According to the website of the Association of Insurance Companies of Azerbaijan, it has become a traditional event which will cover a number of pressing issues for the financial world order. Among the most popular aspects are issues of insurance and reinsurance markets in the financial crisis, the main trends and prospects of insurance in the region.
As the practice of the past years, the forum is an effective platform for interactive discussions between the representatives, and its results are aimed at strengthening cooperation between national markets in the insurance industry.
Participation in the forum confirmed managers of local insurers and insurance, reinsurance and brokerage companies in the Caucasus region (Turkey, Georgia, and Russia), CIS countries and some European countries. - 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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