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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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