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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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