The amount of the contract between the State Oil Fund of Azerbaijan (SOFAR) and the insurance company Ata Sigorta has become known.
According to the report of the State Procurement Agency, premiums under the contract of insurance of the new building are estimated at 130,900 AZN or $ 166,876.6 at the current rate.
Recall that on December 30, 2014 SOFAR concluded a contract with Ata Sigorta for insurance of the administrative building of the State Oil Fund at 111 A Heydar Aliyev Avenue. The agreement includes compulsory insurance of the new administrative 22-storey building of the Fund in Baku and all the technical facilities (boiler room, electrical substation, heating and cooling systems), insurance of the movable property, as well as mandatory insurance of the real estate operation. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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