The local insurance market is formed by the country's capital and the cities of Sumgait, Ganja and Lankaran. In other localities finance this segment is not popular .
According to the Ministry of Taxes on the basis of three quarters (http://www.taxes.gov.az), the biggest salaries are received by managers in the local offices in Ganja - 3,201.5 manats a month. Least of all are paid computer operators at the insurers in Lankaran - 223.5 manat .
The most popular representatives of this sector receive wage from 406 to 486 manat - so much gets the majority of the insurers. - 17D-
Economics
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On January 10, 2025, Azerbaijani President Ilham Aliyev signed a decree dismissing Samir Sharifov from his position as Minister of Finance. Having held this role since 2006, Sharifov has been appointed Deputy Prime Minister, marking a shift in his responsibilities while maintaining his influence within the government.
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Azerbaijan's gas exports to the EU via the Southern Gas Corridor (SGC) have sharply decreased since January 7, due to technical issues at a strategic facility in Azerbaijan, according to Turan, citing multiple sources.
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During a press conference in Baku on Friday, Deputy Minister of Digital Development and Transport of Azerbaijan, Rahman Hummatov, highlighted the country's significant achievements and future plans in transport infrastructure.
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Economist Gubad Ibadoglu provides a sobering analysis of Azerbaijan’s economic prospects as 2025 begins, highlighting a landscape marked by declining oil prices, rising inflation, and expectations of manat devaluation. These pressures, he notes, are poised to undermine real GDP growth, weaken investment, and exacerbate unemployment and poverty rates.
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