Once again, the registry of foreign insurance, reinsurance and brokerage companies has been added.
According to the State Insurance Supervision Service of the Ministry of Finance of Azerbaijan, on the decision of its leadership the list has included the Italian insurance company Assicurazioni Generali SPA So the total number of foreign insurers and reinsurers on the roster has reached 148.
According to the law "On insurance activity," the register of foreign insurance, reinsurance and brokerage companies gets partners with high rating. It is through them that local companies conduct insurance, reinsurance and brokerage operations. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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