The insurance company Mega Sigorta made another payment through participation in the Bureau of Compulsory Insurance. As stated in the company, they paid AZN 4,020 for the damage of a Honda-CRV car. "The insured event took place in the capital of Azerbaijan on the fault of the driver of the insured vehicle brand Chevrolet Malibu," the report says.
Mega Sigorta Insurance Company on March 28 was allowed to provide services within the Bureau of Compulsory Insurance.
The company provides services for three types of compulsory insurance - real estate insurance, civil liability of owners of vehicles and liability for the use of real estate.
Currently, 12 companies in Azerbaijan issue policies on compulsory insurance within the Bureau of Compulsory Insurance. Among them are AXA MBASK, Alfa Sigorta, AtaSigorta, Atesgah Sigorta, AzerSigorta, AzSigorta, Xalg Sigorta, Pasha Sigorta, Standard Insurance, Mega Sigorta, Ipek Yolu Sigorta and Azerbaycan Senaye Sigorta.
Mega Sigorta has been operating in the insurance market since 2010. Its shareholders are six individuals. The insurance company is licensed to provide services on 26 types of voluntary and 4 types of compulsory insurance. The registered capital is 10 million manat. - 17D-
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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