The Azerbaijani insurance company Gunay Insurance has been included in the Register of the insurers, who can work within the framework of the Green Card system, said the report of the Compulsory Insurance Bureau of Azerbaijan.
Generally Green Card includes 14 insurance companies in Azerbaijan. The international motor insurance system Green Card has been operating since 1951.
The main purpose of the system is the settlement of claims of road accident victims, committed with the participation of foreign motorists, in accordance with national legislation of the country where there was a traffic accident.
The system began operating in Azerbaijan in 2016.
The insurance policy issued by the companies participating in the Green Card system is valid on the territory of other countries which are a party to this agreement.
In addition to Azerbaijan, the Green Card system includes 48 countries: all the European countries, Russia, Israel, Morocco, Tunisia and Iran. ------77D
Economics
-
But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
-
Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
-
A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
-
The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
Leave a review