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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Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
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Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
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Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
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Azerbaijan is accelerating the implementation of its socio-economic development strategy, focusing on digital transformation and strengthening cybersecurity. The government is allocating resources to human capital development, prioritizing the training of cybersecurity professionals, said Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency, on January 30 during the fourth “Graduation Day” of the Azerbaijan Cybersecurity Center (AKM).
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