The insurance company Ipek Yolu Sigorta became the ninth Azerbaijani financial institution to gain access to the international system of Green Card.
According to the information of the Compulsory Insurance Bureau (CIB), the right to network services on liability insurance of owners of motor vehicles was received the day before.
This is done in accordance with article 50-2 of the law "On compulsory types of insurance", which states that for the provision of services within CTP, companies must be in the registry Green Card. By the way, yesterday expired registration of insurers interested in international services.
Recall from January 1, Azerbaijan will be a transit member of the Southeast Group Green Card valid for 10 years. The national representative is BCI. --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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