On November 1, members of Compulsory Insurance Bureau concluded 826,744 agreements (+6% to January-October of last year) in the framework of compulsory insurance of civil liability of vehicle owners (CTP).
Of these, approximately one-fifth (145,726 policies) fell on foreign transit vehicles, and the total volume of premiums for 10 months was 65 million AZN (+10%).
October was an average month for the insurers, according to the saturation of their business - in the framework of CTP there were concluded 80,880 contracts (for transit - 12,808) in the amount of premiums at 6.6 million manats. --17D-
Economics
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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