"Your Insurance Broker" returned to market
The Central Bank of Azerbaijan has restored in force the licences issued to 6 physical and 1 legal entities (insurance broker "Your Insurance Broker"). This is reported on the website of the regulator.
The report says that the decision was adopted on 27 May, in accordance with the Law "On Insurance Activities". The reason is that the insurance brokers remove circumstances that give grounds for suspension of the licence.
Note that "Your Insurance Broker" was suspended from the market in April.
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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