In August the members of the local Bureau Compulsory Insurance (ISB) gathered under the civil liability insurance of vehicle owners to third parties (insurance) 7.2 million mantas (minus 6% last year to August.) According to the monthly report accumulating structure for this type of 11 companies signed 89 thousand. 193 contract (minus 9.6%).
Selling insurance policies on the new tariffs and conditions started on December 16, 2011. The basic rate of 50 manats is applied to vehicles with an engine capacity of up to 1,500 cubic cm. The maximum rate - 5 is applied in respect of transport with engine capacity of 5,000 cubic cm, and the insurance rate is 250 manat.
For buses and vans involved in transport passengers with the number of seats from 9 to 16 is applied coefficient 3 to the base tariff, more than 16 seats - the coefficient 4. For freight rate is 3 to 5, depending on the maximum load capacity. For motorcycles, tractors and other agricultural machinery ratio is 1. --17D-
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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