Aydin Rahmanov has become the head of the Board of Trustees of the Bureau of Compulsory Insurance (ISB – the local abbreviation – ed.).
The Chairman of the Board of Standard Insurance Company succeeded Kamal Ibrahimov, who resigned at his own request, the website of ISB said.
The decision was adopted by the participants at the extraordinary meeting of the ISB offices held the day before. In addition to the main issue, the agenda included information about activities of the organization this year, issues of cooperation with Audatex, the abolition of the "Rules of permission to connect to the information system of the ISB through the site," targets for 2015 and so on.
Participants of ISB are 15 of the 27 existing insurance companies. --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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