“Qala Sığorta” acquired re-insurance license

In January-October 2024, receipts on contributions to compulsory medical insurance in Azerbaijan totalled AZN 829.4 million.This was reported by the State Tax Service under the Ministry of Economy.

Placement of interest-bearing, unsecured, undocumented, registered bonds of non-banking credit organisation ‘International’ (IOC) with code AZ2017021026 / Az2019021024 / Az2016021027 ISIN ,nominal value of AZN 750,б00 and 24-month circulation term, is held today at ‘Baku Stock Exchange’ (BSE). This is reported by the BSE.

In January-September 2024 Azerbaijan paid out AZN 998,846 under ‘Green Card’ international insurance system. This was reported by the 'Mandatory Insurance Bureau' (MIB).

The Central Bank of Azerbaijan has fined officials of non-banking credit organisations 'MJ Financial Services', 'Para' and 'Azpul'. This is reported by the CBA.