Payments to victims and families of those killed in road accidents by the Compulsory Insurance Office by 1 October amounted to 181.38 thousand manat, which is more than three times more than the outcome in the entire 2013 (54.39 thousand manat).
According to the report by the Office, the largest number and the amount of paid compensation occurred in the third quarter - 108.12 thousand manat.
The Office accumulates funds for compensation to citizens who are not insured in any of the insurance companies. Its financial resources are generated from the entry fee, the security deposit for each type of compulsory insurance and 5% of the total premiums for compulsory insurance transferred by the companies - participants of the Office.
The membership fee for insurers is 200 thousand manat. For each type of compulsory insurance there is a separate deposit. A single deposit on compulsory insurance of liability of owners of real estate is 100 thousand manat, and that for the compulsory insurance of civil liability of vehicle owners (CTP) and passengers is 200 thousand manat. --17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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