From residents of Oguz, Shaki, Gabala and Ismayilli local insurance companies received about 70 applications demanding damages to real property as a result of Friday's earthquake of magnitude 7.
The most popular is the company Azsigorta, which insured more than 60 buildings - 10 homes and more than 50 shops and other profitable projects. The local branch of the company in this regard established headquarters to support the victims. Four people appealed to Ateshgah, another three - to AXA MBASK.
According to data obtained from insurers, experts estimate the damage within 500 to 1 thousand manats. --17D-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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