The Financial Markets Supervision House (FMSH) has canceled the license of the insurance company JSC Qarant Sigorta on the basis of the company’s appeal, FMSH said.
The shareholders' meeting in December 2015 decided to eliminate the insurance company.
‘Due to the fact that the company was being eliminated on their own decision and according to the law, the insurance portfolio was transferred to Pasha Sigorta Insurance Company to meet the liabilities.’
Note that the license for the activities of the insurance company Qarant Sigorta was given on July 23, 2013. ---71D
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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