Baku / 26.09.17 / Turan: During the first eight months, the insurance companies' fees totaled AZN 368.92 million, which is 3.6% more than it was in the same period in 2016.
The report of the Financial Market Supervision Authority says the payments of insurers for the reporting period amounted to 167.06 million manat, which is 22.1% more than it was in the same period last year.
Voluntary insurance fees increased by 11.7%, (252.98 million manat), and payments - by 30.5%, (130.75 million manat).
For compulsory types of insurance, company fees decreased by 10.5%, amounting to almost 115.94 million manat, and payments - by 0.7% - up to 36.31 million manat. -71D-
Finance
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From 15 January the State Oil Company (SOCAR) will issue ‘Green Bonds’.This is reported by SOCAR.
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On January 10, President Ilham Aliyev signed an order to dismiss Finance Minister Samir Sharifov. He had held this position since 2006.
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The Central Bank of Azerbaijan (CBA) has changed the ‘Procedure for purchase and sale of foreign currency between the Central Bank and banks’, which it approved on 15 November 2022.
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In 2024, the economic growth in Azerbaijan made up 4.6%; it is expected that in 2025-2026 this index will make up an average of 3%.This is stated in the UN report ‘World economic situation and prospects 2025’.
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