The insurance company Pasha Sigorta grows through its branch network. A few days ago it opened another office - this time in the city of Ganja at St. Nariman Narimanov 24B. One can phone to potential customers at (0222) 67 13 01.
Now the company has nine offices located mostly in the regions - in the cities of Sumgait, Shirvan, and Nakhchivan, and in the Tartar , Shamakhi, Guba, Lankaran and Sheki district centers. In the capital, there is only one branch.
Pasha Sigorta, which belongs to Pasha Holding, operates in the local insurance market since June 2006 .
The authorized capital of the company last year increased by 5.5 million and is 40 million manat . Current assets, including short-term ones, are 73 million manat .
The Internet site is www.pasha-insurance.az. The centralized phone for corporate clients is 050/ 055 263 88 08, and for individual clients - 050/ 055 227 88 00.
The company is licensed to provide services for 31 types of insurance, of which 26 are voluntary and 5 are mandatory. - 17D-
Economics
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Azerbaijan's Consumer Price Index (CPI) in December 2024 marked a year-on-year increase of 4.9%, with food and beverage inflation leading the surge, according to data from the State Statistics Committee. The overall CPI stood at 104.9%, driven by a 5.5% rise in food products, beverages, and tobacco, 2.4% in non-food products, and a sharp 6.3% hike in paid services provided to the population.
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In 2024, Azerbaijan produced 29.1 million tonnes of oil together with condensate, down from 30.2 million tonnes in 2023, according to preliminary information published by the country’s Ministry of Energy.
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Azerbaijan’s inflation rate in 2024 remained relatively stable, averaging 2.2% for the year, according to data from the State Statistics Committee. While this marks a period of subdued price growth compared to global trends, the numbers reveal nuanced dynamics across sectors and reflect both domestic policy measures and external influences.
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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