The State Insurance Supervision Service of the Ministry of Finance of AR expanded the roster of foreign insurance, reinsurance and brokerage companies.
According to the State Insurance Supervision Service, the registry of foreign brokerage firms added another organization - Reunion AG (Switzerland). Thus, the total number of foreign brokerage firms on the roster has reached 69.
According to the law "On insurance" the State Insurance Supervision Service established a register of rated foreign insurance, reinsurance and brokerage companies, with which Azerbaijani insurers are advisable to carry out insurance, reinsurance and brokerage operations. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No. 1051-VIQ dated December 2, 2023, and address regulatory requirements related to the implementation of the Competition Code.
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of agricultural land and enhance regulatory processes.
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