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
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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