Azerbaijan Investment Company (JSC AIC) has determined the insurer under the voluntary health insurance. The tender was won by Pasha Sigorta.
According to the report on the website of the Public Procurement Committee, health insurance of 25 employees will cost the company 11 250 manat.
Recall state-run AIC has a registered capital of 160 million manat and it was established at the expense of SOFAR in March 2006. The purpose of its creation is to promote the development of non-oil sector. The company does not comply with the direction, because they do not publish annual financial statements and audit opinions on them in any media or on the corporate website, so there is no information about its capital resources and dividends from equity.
In 2012, AIC came out of the two projects, in which it had a 25% share (JSC Sangachal Oil and Gas Terminal and JSC Azerbaijani Association of Salt Production). The size of the transactions is not disclosed. In these companies AIC had an investment of $ 9 million and $ 2.9 million, respectively.
The active investment policy of AIC has been suspended since 2011. The company currently has interests in Holcim (Azerbaijan) (10%), Saba (25%), CIIC (24.1%), Milk-Pro (20%), Agstafa Aqrotekhservis (25%), Azertokhum (17.46%), and Baku Shipyard (10%). --17D-
Economics
-
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.
-
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.
-
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.
-
The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
Leave a review