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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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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