This year, the parliament may consider amendments to the law "On compulsory types of insurance." The document is already "on the table" of the economic department of the presidential administration of the country.
According to the Chief of the State Insurance Supervision Service under the Ministry of Finance of Azerbaijan Namik Khalilov, the essence of innovation - "accession" to the law of an independent branch of compulsory insurance against occupational diseases and accidents at work. Experts do not exclude that the parliamentarians will include in the package as compulsory health insurance.
Furthermore, according to the planned legislative innovations will expand the scope of the Office of compulsory insurance, as long as 4 types of control - compulsory insurance of passengers, property, and the responsibility of the owners of property and vehicles to third parties.
The question of infringement of labor inspection authority under the Ministry of Labor and Social Protection in the expansion of the Bureau is not considered. This may be established a guarantee fund payments such as CTP. - 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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