PASHA Sigorta OJSC won the tender of the State Oil Fund of Azerbaijan (SOFAZ). According to the information on the site of the accumulating body, the company will insure the Fund’s property.
The official contract was signed by the parties on March 7, according to which the property in the new administrative building of the Fund in Baku will be insured mandatorily, including all engineering structures, as well as the responsibility of the owner of the property in operation. In addition, a policy is issued on voluntary car insurance (Hull).
OJSC PASHA Sigorta with an authorized capital of AZN 35 million is in the group PASHA Holding. A license to operate was received in July 2006 and it provides services on 31 types of insurance. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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