JSC Ateshgah Hayat Sigorta published a report on the profits and losses according to the results of last year (https://www.ateshgah.com/site/assets/files/2775/m_nf_t_v_z_r_r_haqq_nda_hesabat_forma2.pdf).
The net reserves, according to data as of 1 January, reduced by AZN 26.9 million. The company's revenues amounted to 40.5 million manats, of which almost the entire amount was premiums.
The costs were at the level of AZN 38.22 million, of which 19.72 million was payments on insurance cases, conducting insurance activities totaled 9.26 million AZN, reinsurance made 5.42 million, and return of premiums amounted to 3 19 million AZN.
OJSC Ateshgah Hayat Sigorta with the authorized capital of 6.5 million AZN was established in 2009. The Chairman of the Board of Directors is Intigam Huseynov. The Chairman of the Board is Akbar Madatli. --17D-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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