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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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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