Members of the Bureau of compulsory insurance paid from the beginning of the year about 9 million manat at CTP
In January-May the payment of all cases covered by agreements on compulsory insurance of civil liability of vehicle owners (CTP) amounted to 8 million 992.3 thousand manats.
According to a press release from the Office of compulsory insurance is (+24% compared to last year) rate of all insurance companies - members of the Bureau. Payments are made upon the registered 6,458 insurance claims.
Of this amount insurers paid out 71.17 8 million manats on insurance contracts last year, 913.1 million manat - contracts signed this year. - 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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