Reshuffle has occurred in Pasha Sigorta JSC.
According to the report of the largest insurance company, as the First Deputy Chairman of the Board they appointed Ali Bayramov, and Tural Aliyev became a Deputy Head.
In addition, the Board includes Murad Suleymanov and Aygun Melikova, who will oversee the financial block and the technical issues, respectively.
JSC Pasha Sigorta with a registered capital of 50 million manats was established in July 2006. The Chairman of the Board of Directors is Mirjamal Pashayev and a member of the Board of Directors is Chairman of the BSE Fariz Azizov.The Chairman of the Board is Ulviyya Jabbarova. --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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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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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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