The next, VI Azerbaijan International Insurance Forum (AIIF) will be held July 2-3 at the Fairmont Baku.
According to the Chairman of Azerbaijan Insurers Association (AIA) Orkhan Bayramov, registration has already been passed by more than 50 participants.
"It is planned to provide the active presence of more than 250 people in the traditional event. The format may not change. As in previous years, it will last for 2 days, including the cultural program. On the first day, the participants will discuss the creation of new regional insurance products during the crisis. Reinsurance and property insurance (including agricultural insurance) will also be the subject of discussions of the first day, and then the participants will switch to the traditional life insurance and car insurance. In addition, they will discuss still little demanded bank insurance and its prospects," he said. --17D-
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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