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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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