In 2016, the assets of the insurance company Mega Sigorta increased by 10.9% or AZN 4,295,048 compared to 2015, amounting to 40,641,639 manat.
The capital of the company for the same time increased by 16.7% or 4,050,003 manat and amounted to 28,335,808 manat.
Over the reporting period, Mega Sigorta's obligations amounted to 12,305,831 manat (an increase of 245,045 manat or 2%).
In 2016, the insurance company’s income amounted to 25,151,883 manat, and the expenses were 17,517,116 manat. The net profit was 6,107,813 manat. ----71D
Economics
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Farmers in Azerbaijan must insure their barley, wheat, rice, and corn crops grown on lands exceeding 10 hectares to be eligible for agricultural subsidies, a government official stated during a recent briefing on updated subsidy rates.
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Pakistan’s gas reserves, estimated at approximately 400 billion cubic meters, and annual production of about 30 billion cubic meters, are insufficient to address the "blue fuel" deficit in this densely populated country. Consequently, the government has identified meeting the country’s gas needs as a strategic priority.
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The hospitality industry in Azerbaijan recorded significant growth in 2024, with the number of overnight stays in hotels and similar establishments rising by 25.1% year-on-year to 4.28 million, according to official data. This robust recovery highlights the increasing appeal of the sector to both domestic and international travelers, supported by improved infrastructure and the diversification of tourism offerings.
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Azerbaijan's Agricultural Subsidy Council has set new requirements for the establishment of intensive orchards, including the installation of climate stations, according to Vugar Huseynov, head of the Ministry of Agriculture's press service.
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