The insurance company Qarant Sigorta plans to increase its authorized share capital from 4 to 5 million (+25%). Thus, the requirement will be fulfilled by the level of the Ministry of Finance of the authorized capital by January 2014.
According to the State Securities Committee (SSC) has registered the issue prospectus, the shareholders decided to use this structure conversion method, bringing the nominal value of each of the four thousand shares from one thousand to one thousand 250 manats. The issue for the number AZ1001008486 registered on April 19.
Insurance company Qarant Sigorta began operations on November 27 of 2007.
The founder of the company is ZQAN Holding.
The company provides services on 18 types of voluntary and 4 compulsory insurance.
To date, the authorized capital is 4 million manat. - 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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