The May tour completed of the State Insurance Supervision Service under the Ministry of Finance in the regions.
According to the website of the structure (http://sigorta.maliyye.gov.az), to educate the public in Ganja was a meeting with citizens, yet not insured under the compulsory insurance of property against fire and other risks. In addition, trainings and courses for local insurance agents. Officers Suleiman Ibragimov and Seymour Agayev in the event distributed to the participants' Collection of the legislation on insurance, "and another specialized magazine" Guide insurance. "
As announced a few days ago, before meetings in the cities of Shirvan and Salyan. Everything except the above-mentioned two, was held from 20 to 25 May 4 more community meetings in Bilasuvar and Jalilabad, as well as in Kurdamir and Hajigabul.
Recall from January to May of insurance property limits of the law "On mandatory types of insurance" collected 3.53 million manat, and despite the fact that the annual contribution rate for each dwelling unit only in Baku is 50 manats, Ganja, Sumgait and Nakhchivan - 40, in other areas - 30 manats. Today, the amount of the housing stock of the country is (as of the end of last year), 162 million square meters. m at about 2 million housing units, including individual buildings and apartments.
On mandatory insurance of liability of owners of real estate at the same rates earned even less - 129.54 thousand manats. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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