Yesterday Azerbaijan and Russia signed a bilateral agreement on the Green Card motor insurance system, as the Executive Director of the Russian Green Card Office Sergey Razuvan stated during his speech at the VII Azerbaijan International Insurance Forum. According to him, the agreement will come into force on August 1 this year.
Yesterday the Director of the Compulsory Insurance Bureau Elkhan Guliyev spoke at the same event about the difficult and problematic negotiations over the understanding; the Russian side was a supporter of policies (insurance contracts) under the CTP, valid in the occupied territories of Azerbaijan. Now the question is resolved within the territorial integrity of our country. After the withdrawal of the occupation troops, Russian insurers will again be able to issue full-scale civil liability policies to motorists - the citizens of this country.
The international motor insurance Green Card system has been operating since 1951 and its main goal is the settlement of claims of the victims of road accidents with the participation of foreign motorists, in accordance with the national legislation of the country in which the insured event occurred.
The Green Card system includes 48 countries: the whole of Europe, including Russia, as well as Israel, Morocco, Tunisia and Iran.
In Azerbaijan, the national office of the international system Green Card is the Compulsory Insurance Bureau (CIB), which includes 16 local insurance companies - 13 of them have the right to sell CTP insurance policies and are connected to the Green Card system. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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