On April 24 will be held the annual general meeting of shareholders of the insurance company Baki Sigorta.
According to the report of the financial structure, the agenda included the financial statements for the past year and the issue of increasing the level of authorized capital to prevent financial risks.
Baki Sigorta began its activities from October 1, 2007. Its shareholders are 4 legal entities and 2 individuals. The authorized capital is 9 million 373.84 thousand manat.
Last year the company's premiums were at the level of 3 million 508.26 thousand manat with payments of 2 million 375.11 thousand manat. --17D-
Economics
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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