Once again, the roster of foreign insurance, reinsurance and brokerage companies has been expanded. According to the report of the State Insurance Supervision Service of the Ministry of Finance of Azerbaijan, it added Kooperativapajistovna, as, ViennaInsuranceGroup (Czech Republic) to the roster. The total number of foreign players in this segment of the financial market has reached 149.
According to the law "On insurance activity" the service of the Ministry of Finance established a register of foreign rated insurance, reinsurance and brokerage companies, through which Azerbaijani insurers are advisable to carry out insurance, reinsurance and brokerage operations. --17D-
Economics
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BP, which has been operating in Azerbaijan for almost 32 years and is a strategic partner of the country, has outlined its steps for 2025 and the medium-term future, both for ongoing projects ("Shah Deniz," "Azeri-Chirag-Gunashli" – key fields of the country) and for the "green" project of creating the Shahdag Solar Power Station (SPS) in the Jebrail district. BP's vision was shared by Vice President for the Caspian Region, Bakhtiyar Aslanbeyli.
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Last week, another round of negotiations between SOCAR and Tatneft took place in Baku, as the two companies have been discussing potential cooperation for the past three years.
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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