The extraordinary general meeting of shareholders of the insurance company Ateshgah will be held exactly in a month.
As Turan was told in the press service of the financial entity, not only the approval of financial statements for the past year, but also a number of organizational issues will be on the agenda. The new Board of Directors, the Board and the Audit Committee of the company will be elected.
Ateshgah Insurance Company began its activities in 1996. Its shareholders are legal entities - ISR Holding Ltd (69%), RAN-Exim (21%) and SOCAR (10%). The authorized capital is 5 million 8.5 thousand manats.
Ateshgah OJSC by June 1 received premiums for 19 million 844.38 thousand manats, while its payments amounted to 6 million 345.32 thousand manats. --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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