In the registry of foreign insurance and reinsurance companies there is not a specialized structure of the Russian RESO, said the State Insurance Supervision Service under the Ministry of Finance of Azerbaijan.
It is an official denial of the misinformation on the website Virtual Azerbaijan published on September 24. According to colleagues called "investigative journalism," the insurance company owned by a Russian billionaire of Armenian descent has taken the proper niche in the local insurance market.
Turan regularly tracks changes in the registry and reports that the list (http://www.sigorta.maliyye.gov.az/node/22) of foreign insurance and reinsurance companies does not mention a structure with the name of RESO.
For the record - the last Russian insurer LLC SK Master-Garant entered into the register in March this year. The roster has 93 foreign insurers, including 16 representatives of Russia. - 17D-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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