The Compulsory Insurance Bureau (CIB) at the end of last year had a net profit of 12 million 623.62 thousand manats, which is 2.6 times more than the previous year (4,831,450 manats).
As stated in the financial report of the structure, its total revenues were at 16.31 million at a cost of 3.68 million manats (+ 136% YoY).
Assets from 20,120,000 AZN in 2014 rose to the level of 33.08 million AZN. The reserve fund has accumulated 25.24 million manats, which is twice more than last year. The liabilities rose to 7.85 million manats. --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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