The insurance company Pasha Sigorta is a leader in insurance fees. According to the report of the Financial Markets Supervision Authority (FIMSA) in 2016, the company's fees amounted to 100 million 12 thousand 147 manat.
In the second place is the life insurance company Pasha Heyat Sigorta, as part of Pasha Holding. Insurance fees of the company in the past year amounted to 77 million 678 thousand 739 manat.
The top five also includes the State Commercial Insurance Company, whose premiums in 2016 amounted to 41 million 224 thousand 916 manats, Ateshgah Sigorta - 39 million 814 thousand 972 manat and Ateshgah Heyat Sigorta - 37 million 435 thousand 501 manat.
In insurance payments also lead Pasha Sigorta and Pasha Heyat Sigorta - 47 million 438 thousand 605 and 45 million 907 thousand 276 manat respectively.
The top five in insurance payments also include Ateshgah Heyat Sigorta - 27 million 111 thousand 809 manat, the State Commercial Insurance Company - 16 million 166 thousand 169 manat, Ateshgah Sigorta - 15 million 733 thousand 201 manat.
In Azerbaijan there are 25 insurance companies, which as a whole in 2016 collected 486 million 74 thousand 279 manat and paid 237 million 250 thousand 615 manat. -----71D
Economics
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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