BAKU/12.02.14/Turan : Insurance Companies of Azerbaijan in January collected 1,302,730 manat on compulsory insurance and disability of individuals from accidents and occupational diseases . It's almost a third ( 31.1% ) more than in January last year , when their account was 897,550 manats.
According to the information of the State Insurance Supervision Service of the Ministry of Finance AR , payments on this type of insurance amounted to 184,120 manats (growth of 3.39 times) , - better than one season earlier.
While still payout and premium ratio is 14.1% that is, companies are hoarding capital exclusively, ignoring the interests of the victims. The reason is in the conclusion of corporate contracts, excluding the individual characteristics of the insured. There is also the factor of understating the level of production workers and injuries. According to the inspection of the Ministry of Labor and Social Welfare, in 2013 in the whole country were recorded 155 accidents at work (71 killed and 120 injured people). However, according to unofficial data on the transport, construction and mining sectors of the economy such cases are much more. Managers prefer to negotiate with the affected or their families.
Services in Azerbaijan in this type of insurance are provided by three insurance companies - Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta. - 17D-
Economics
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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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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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The State Oil Company of Azerbaijan (SOCAR) will begin issuing "green" bonds on January 15, with a total issuance volume of USD 200 million, according to an official SOCAR statement cited by Turan.
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