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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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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