The general meeting of shareholders of the French-Azerbaijani insurance company AXA Mbask will be held on May 19.
As stated in the announcement, at the meeting the holders of shares will discuss current issues related to the activities of the company.
AXA Mbask was founded in 1992. Its shareholders are AXA Seguros Generales, SA, De Seguros YReaseguros (90.1369%), and an individual (9.8631%). The authorized capital of the company as of January 1, 2015 was 14 million 233.32 thousand manat. --17D-
Economics
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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Azerbaijan’s Cabinet of Ministers has approved new hourly wage rates for educational staff involved in teaching activities at state-funded institutions, effective immediately. The decision, formalized under Decree No. 542, outlines differentiated payments based on academic qualifications and teaching levels.
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