Life insurance companies from next year can choose new tariffs, more forgiving for the insured.
This was noted at the meeting of the profile committee of the Association of Insurance Companies of Azerbaijan (AIA). The discussion was attended by activists and financial managers of all companies engaged in life insurance (Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta).
"During the meeting, the participants discussed the methods for calculating the total capital of life insurance companies and the question of determining the tariff rates under the new rules," the information stated.
Following the meeting, they agreed to develop proposals on these issues and present them fully at the next meeting. --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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