The Size of Insurance Payments Rose almost 1.5 Times
In January-August for all types of insurance companies were paid 58 million 873.05 thousand manats, which is 38.4% more than last year.
Voluntary insurance payments produced 48 million 897.2 thousand manat.
The greatest amount of compensation was in VHI - 25.12 million manat and vehicle insurance - 14.35 million manat, voluntary life insurance paid 2.79 million manat, travel insurance - 132.93 thousand manat.
Accident insurance paid 1.02 million manat, property insurance against fire and other risks - 2.14 million manat, insurance of waterways - 750.46 thsd AZN, aircraft insurance - 868.3 thousand manat (anti-record for all years). Cargo insurance paid 161.57 thsd AZN and voluntary liability insurance of vehicle owners - 147.9 thousand manat.
Voluntary insurance of civil liability for the conclusion of regulations paid 7.51 thsd AZN, general liability insurance - 126.12 thousand manat, and employers' liability insurance - 49.36 thsd manats.
For the death of livestock, as well as on the facts of crop offset it was paid 157.78 thousand manat, which against other types was encouraging.
Mandatory insurance generally paid on contracts 9.98 mln of compensation. In particular, the compulsory insurance of servicemen paid 5.01 million manat, compulsory state insurance judges and law enforcement - 405.92 thousand manat, and the old CTP paid 488.12 thousand manat.
By species, included in the list of the new tariff, the situation is this: the compulsory insurance of civil liability of vehicle owners (new CTP) paid 2.51 million manat, compulsory property insurance - AZN 344.18 thsd, mandatory fire insurance - 350 .7 thousand 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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