Preventing employee fraud is one of the popular types of insurance this year. From January to August of last year (mainly the financial sector) they have started to pay premiums - insurers received on contracts 290,870 manat, without paying a penny for the lack of insurance claims. But in this year's awards totaled AZN 834,010 and compensation - 2,216,940 manats.
In this case, it is not about fraud against customers (those legally employed all financial institutions), and in respect of the employer. According to experts, most of these actions comes from the material unsatisfied employees and is aimed at companies which pay little attention to compliance with the letter and spirit of the law. Another common phenomenon is an alliance of the executive director with executives and middle managers to the detriment of the founder.
In Azerbaijan, common fraud on the trust of employees is by drawing up false documents using letterhead and seals of the employer, cashing fees, stock market speculation, the abuse of customer deposits, bank card fraud, and so on. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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