The Bureau Compulsory Insurance (BCI) in January-May paid compensation to the victims and families of those killed in road accidents in the total amount of 110,333 manats.
According to the information of the Bureau on the results of five months, there were 28 compensations. In May there were 11 compensations totaling 37,333 manat. Recall, this position does not apply to contracts of insurance between the insurer and the insured.
The office was created to manage certain financial fund, which is made by the payment of compensation.
The financial resources of the Bureau are formed from the entrance fee, a security deposit of one of the 4 types of compulsory insurance provided for, as well as 5% of the total monthly premiums for compulsory received by insurance companies. --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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