The American Solera Holding (owner of Audatex) begins operations in Azerbaijan. The Ministry of Taxes registered (date - March 12, published today) the subsidiary Solera Azerbaycan. The goal is to build software based on the technology Audatex, allowing the use of common approaches in the local insurance market and assessment of damage to vehicles during traffic accidents.
The official representative of the company Solera Azerbaycan is Nigar Hasanova. The entity is registered at apt. 37, 203 Murtaza Mukhtarov Street. The new enterprise unit has been established within the joint activity agreement signed in December between the Compulsory Insurance Office and the company Sidexa (subsidiary of Audatex in France). It will start operations in the second half of 2015. --17D-
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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