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 The company does not comply with the direction, because they do not publish annual financial statements and audit opinions on them in any media or on the corporate website, so there is no information about its capital resources and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
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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