In the first quarter of 2017, insurance companies concluded 19,452 contracts for compulsory insurance of real estate, the Bureau for Compulsory Insurance said.
In comparison with the same period last year, the number of contracts increased by 21.8%.
The premiums on the above-mentioned insurance contracts in January amounted to 5,684,385 manat, which is 32.1% less than in the same period of 2016.
12,941 contracts were concluded for houses and apartments, 124 for administrative buildings, and 6,387 for other real estate.
At present, thirteen insurance companies, i.e. Ateshgah, Standard Insurance, Ata Sigorta, Khalg Sigorta, Pasha Insurance, AXA MBASK, AzSigorta, State Insurance Commercial Company, Mega Sigorta, Ipek Yolu, Azerbaijan Senaye Sigorta, Qala Sigorta, and Gunay Sigorta conclude contracts on compulsory insurance of real estate. -----71D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review