The Compulsory Insurance Bureau (CIB) called local insurers interested in the Green Card, to address to the Registrar by December 21.
According to the information, the decision was taken at a meeting of the Board of Trustees. Otherwise, businesses operating in the framework of compulsory insurance of liability of owners of motor vehicles (CTP) will be limited from January 1, 2016.
There's also an exemplary form of approved forms of Green Card, the rules for their release, filling and accounting rules for activities within the Green Card. In addition, they approved the rules of the payment calendar under the contracts on Green Card and the formation of a reinsurance pool of Green Cards and the rules of its functioning.
Recall Azerbaijan joined the system Green Card, in which it will start its work from January 1, 2016. In the framework of the Agreement the member states recognize the CTP insurance policy issued in the countries - partners.
CIB was established according to the law "On compulsory types of insurance". It includes 15 local insurers (of 26), of which 11 have the right to provide services under the insurance. --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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