The insurance company Pasha Sigorta in January-September this year attracted 36 million 206.64 thousand manats for all types of insurance. On voluntary items the treasury of the financial structure received 32.2 million manat and on mandatory items - nearly 4 million manat.
By the way, with total premiums quadrupled as by voluntary health insurance (VHI), and through participation in the Bureau of Compulsory Insurance.
Payments by Pasha Sigorta for three quarters of the year by VHI increased almost 9 times compared to the same period last year. The detailed table of premiums and claims is given below.
Pasha Sigorta, which belongs to Pasha Holding, has operated on the local insurance market since June 2006.
The authorized capital of the company is 30 million manat, which is a record in the local market.
The company is licensed to provide services for 31 types of voluntary and compulsory insurance. - 17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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