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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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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