November 17 and November 20 will be another certification of persons wishing to obtain a license to operate as an insurance agent and executive staff of insurance companies.
As noted in the report of State Insurance Supervision Service of the Ministry of Finance of Azerbaijan, applicants are required to confirm that they want to participate up to 17:00 on November 16. They must report to the email address a.alizade@maliyye.gov.az.
The examinations are conducted in accordance with the "Rules of Certification for candidates for executive positions in insurance organizations and individuals interested in obtaining a license to operate as agents in the insurance industry."
To successfully pass the test certification, the candidates have to give correct answers to at least 70 of the 100 proposed issues.
The activities of insurers, including sole proprietors, are licensed under Article 83.2.2 of the Law of Azerbaijan "On Insurance".
Since March 15, 2009 agency activity has been under license. - 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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