Azerbaijan steps up compulsory insurance in construction sector

Azerbaijan steps up compulsory insurance in construction sector
# 19 October 2007 10:56 (UTC +04:00)
He added that the number of the insured was 1.58 million people as of January, 1, the figure reached 1.641 million as at July 1 and 1.7 million at present.
He expressed regret for the still remaining evasion from compulsory insurance in construction sector and added that 28 newly established construction companies in 2007 employed only 71 people according to the official documents.
“Construction companies registered in Baku employ 5,127 people. Some companies insure their workers. For example, Akkord insured 1,207 workers and made insurance payment. 160 of 385 construction companies in Baku documented the number of their workers “zero”. We probed this issue and found that these companies have proper registration but has not launched their operation due to various reasons,” he added. /APA-Economics/

Politics

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