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
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review