There was a meeting on electing new members of the Board of Trustees of the Bureau on Compulsory Insurance.
The Chairman of the Board of JSC Pasha Sigorta Ulviya Jabbarova, Deputy Chairman of the Board of JSC AXA Mbask Lana Gezalova, the Chairman of the insurance company Ateshgah Talat Safarov were elected members of the Board of Trustees.
Apart from them the Board of Trustees included representatives of the Financial Markets Supervision House Nurlan Babayev and Orkhan Ismailov.
The term of office of members of the Board of Trustees is 5 years. ----71D
Economics
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In a significant step towards advancing economic reforms, Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with a delegation led by Charles Donald, Chair of the OECD Working Party on State Ownership and Privatisation Practices and CEO of the UK Government Investments Agency. The meeting underscored Azerbaijan's partnership with the Organisation for Economic Co-operation and Development (OECD) and explored new avenues of collaboration.
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Azerbaijan is finalizing work on the "E-KOB evi" digital portal, aimed at streamlining business operations and enhancing coordination between entrepreneurs, state agencies, and private entities, Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), said.
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On December 3, Azerbaijan's Cabinet of Ministers approved new regulations requiring small electric transport vehicle operators to provide detailed data on vehicle use and operator information to government systems, effective immediately.
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In November 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold $574.6 million, pushing the total dollar sales for the first 11 months of the year to $6.5 billion. According to SOFAZ, this represents a 40.8% increase compared to November 2023, when sales reached $339.9 million.
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