The insurance company Bashak Inam Sigorta appealed to the Financial Markets Supervision Authority (FIMSA) about the cessation of activity, the head of the FIMSA Board of Directors Rufat Aslanli told the media.
According to him, consent to the company's closure has been given.
It should be noted that the joint Turkish-Azerbaijani company was established in 1996. On the Turkish side, it was founded by Bashak Sigorta, and on the Azerbaijani side – by the re-insurance company Inam established by the World Bank, Turan Bank, and Agrarkredit.
The authorized capital of the company amounted to 7 million manat. ----71D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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