![In First Nine Months of 2016 Collection of Insurance Premiums by Standard Insurance Increased by 2.63%](https://turan.az/resized/./turan-750-500-resize.webp)
In First Nine Months of 2016 Collection of Insurance Premiums by Standard Insurance Increased by 2.63%
The insurance company Standard Insurance collected various types of insurance premium in the amount of 17,317,717 AZN for the first 9 months of 2016.
This figure is 2.63% higher compared with the corresponding period last year.
In total, for the first 9 months of 2016 the company for insurance claims made insurance payments in the amount of 4,650,326.51 AZN. -----71D
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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