According to the results of last month, compulsory CTP insurance attracted 106,218 vehicles, said the information on the website of the Bureau of Compulsory Insurance (BCI). Basically, it regards local cars and only 13.47% (14,310 units) are foreign vehicles transiting through the country.
Total premiums on this type of insurance from 1 to 30 April inclusive were at 7.9 million manat (+ 17% compared to April last year).
In the first quarter there were 198,866 CTP contracts (+ 29.6% compared to January-March last year). --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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