Azerbaijan Insurers Association (AIA) is hoping to break the "deadlock" of agricultural insurance. However, it expects the support of international organizations.
Reporters were told by the head of the organization Orkhan Bayramov that the concept of technical assistance for the training of experts to assess the insurance risk in this area is ready. Support to local experts will come from the International Finance Corporation (IFC), which could attract foreign experts for training. A business meeting was held on the matter and it decided to sign an agreement on technical assistance soon. The work could begin as early as September.
Azerbaijan has been a member of the International Finance Corporation since 1995. During this time IFC allocated $ 414 million to fund 73 local projects. --17D-
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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