After stopping the activities of the insurance company Garant Sigorta at the end of 105, Pasha Sigorta became successor to its functions, including compulsory insurance of passengers. From now on it has got this right granted by the Bureau of Compulsory Insurance (BCI).
According to the report, previously Pasha Sigorta insured civil liability of owners of motor vehicles and real estate, as well as the property itself.
Prior to it, the right to individually insure passengers, other than the predecessor, was entitled to the "aviation" insurance company Ipek Yolu Sigorta.
OJSC Pasha Sigorta with a capital of 50 milion AZN has been operating under the Ministry of Finance license since July 2006. Its sole founder is the investment Pasha Holding. In the last 4 years it has been leading in terms of premiums and payments in the local insurance market. --17D-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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