The local life insurance company PASHA Hayat Sigorta gathered 54 million 526 thousand manat of premiums last year (+30% or 12 million 623 thousand for the fiscal cycle).
As stated in the press release with reference to the Director of Strategic Development Israil Garayev, during the year 5 times increased insurance payments, amounting to 16 million 350 thousand manat. The increase in payments is reportedly associated with an increase in payments under life insurance, insurance of credit borrowers, as well as compulsory insurance against accidents at work.
OJSC PASHA Hayat Sigorta with registered capital of 40.25 million AZN has been valid from 14 February 2011 on the basis of the license from the Ministry of Finance of Azerbaijan. The sole shareholder is PASHA Holding. --17D-
Economics
-
Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
-
Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
-
The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
-
Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
Leave a review