![Recorded a solid increase in authorized capital of Gala Hayat Sigorta](https://turan.az/resized/./turan-750-500-resize.webp)
Recorded a solid increase in authorized capital of Gala Hayat Sigorta
BAKU/22.01.14/TURAN : The insurance company Gala Hayat Sigorta increased the share capital by 693 thousand manats. The achievement is associated with a profit - to intensify in the regions , it increased premiums nearly doubled - from 6 to 10 + million manat .
According to the Ministry of Taxes , the increase was registered on January 16. Now with the increase in the volume of the share capital of the financial structure is 5 million 698 thousand manats.
Gala Hayat Sigorta has operated in the insurance market since the end of July 2008 on the basis of a license for a period of 5 years. At the end of July last year, the company, until 2011 called Gala Sigorta, received a perpetual license .
Holders of its shares are the reinsurance company AzRe ( 60%) and one individual - Nizami Makhmudov ( 40%).
Last year the financial structure has collected 10.07 million manat and paid for all cases 324.05 thousand manats. - 17D-
Economics
-
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
-
Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
-
Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
-
A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
Leave a review