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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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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