On the local insurance market in January this year were collected 62.9 million manat of total premiums (+ 2.9% compared to January of last year.)
According to the head of Azerbaijan Insurers Association (ASA), Orkhan Bayramov, in January payments in this segment amounted to 10.3 million manat (+ 27.8%), he said.
According to him, during the reporting month for each 100 manat premiums insurers made payments in the amount of 16.4 manat, while in January 2014 this figure was 13.2 manat. On average, in Eastern Europe, on which focuses Azerbaijan, payments to premiums ratio total 30-40%. --17D-
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review