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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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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