The insurance company Ateshgah Hayat on insurance against accidents and diseases at work in the past year collected AZN 7 million 52.95 thsd. This is almost one-third (32.4%) of the total market of Azerbaijan.
All in all the company's assets last year were 16.31 million manat. For comparison - in Pasha Hayat they were 14.7 million and in Qala Hayat even less - 6.36 million manat.
Most of the premiums were collected on voluntary life insurance - 9.26 million manat.
The insurance group created in 1996 consists of Ateshgah and JSC Ateshgah Hayat.
At the end of 2012 premiums of this financial structure were 53.5 million manat and payments were 13.2 million manat.
The group of insurance companies Ateshgah provides insurance services to clients for more than 20 types of insurance. -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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