The Ministry of Finance of Azerbaijan has prepared an "Action Plan for the development of the insurance market in 2015-2017."
According to the department, the plan of the upcoming tasks until 2018 was discussed at the extended Board meeting of the Ministry of Finance, which marked the problems associated with the violation of the rights of policyholders and other beneficiaries that are not protected properly. The main reason is the gaps in law enforcement.
The Action Plan includes further improvement of legislation to protect the rights of policyholders, public education in matters of security, training of professional participants of the insurance market, and the market introduction of new types of insurance. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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