JSC Pasha Hayat Sigorta, specializing in life insurance, from January to April collected 14 million manat of premiums (+ 54.4% to 31 March of last year). Its awards provided 44% of the fees in the above segment.
As noted in the official information of the company with reference to the Director of Strategic Development Israil Garayev, the insurance payments were much more modest - 1.5 million manat with an impressive growth of 3.5 times.
The total assets of the company on April 1, 2015 were 106 million AZN (YTD + 15.4%), and investment portfolio - 86 million AZN (+ 6.8%).
The insurance reserves are estimated at 56.3 million manat (+ 23.4%) at the constant authorized capital of 40,250,000 manat.
JSC Pasha Hayat Sigorta started to work on February 14, 2011. Its sole shareholder is Pasha Holding. --17D-
Economics
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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.
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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.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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