Insurance Market in Azerbaijan Grew by 6.9% in 2020

In 2025, about $10 billion will be allocated from the state budget of Azerbaijan for social expenditures, which is up by 2.5 times from the expenses of the joint socially oriented budget of Georgia and Armenia and up by 67% from the expenses of the general budget of Armenia.

A new Chairman of the Supervisory Board of the investment company 'CPM-Invest' has been appointed. This is reported on the Internet page of the Central Bank of Azerbaijan-Register of Investment Companies.

The State Fund for Social Protection (SFSP) under the Ministry of Labor and Social Security allocates free funds only for state securities - bonds of the Ministry of Finance and notes of the Central Bank of Azerbaijan.

'Atasığorta' company has won the open tender of the Central Bank of Azerbaijan for voluntary insurance of vehicles (CASCO).This is reported on the unified internet portal of public procurement.