On March 31, the regular general meeting of shareholders of the insurance company Silk Way Insurance will be held.
The company did not publish the agenda of the meeting, which in turn contradicts the rules.
It should be noted that Silk Way Insurance in 2016 increased total revenues by 3,081,757 AZN or 15.1% to 23,484,072 AZN in comparison with 2015.
The company's assets in 2016 increased by 7,316,328 AZN or 23.4% compared to 2015, making 38,524,875 AZN.
The capital of Silk Way Insurance in 2016 amounted to 24,765.853 AZN. In comparison with 2015, the capital grew by 8.6% or 1,957.898 AZN.
In 2016, Silk Way Insurance showed a profit of 3,440,417 AZN.
The authorized capital of the insurance company is 14,770,000 AZN. ----71D
Economics
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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