Members of the local Bureau of Compulsory Insurance (BCI) paid 9 million 667.84 thousand manats this year up to 1 June within the requirements under contracts of compulsory insurance of civil liability of vehicle owners (CTP). Of this, 1 million 570.68 thousand manats was paid in May.
According to the report of the Bureau, the payments were made under 8,114 cases (in May there were 1,321 cases).
In May, most of the damage (1 million 391.81 thousand manats) fell on vehicles, property damage - 45.12 thousand manats, damage to health - 43.75 thousand manats, and death in road accidents - 90,000 manats (18 cases).
Recall, for the entire 2014, insurers paid insurance of 26 million 833 thousand manats. --17D-
Economics
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Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
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Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
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Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
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Azerbaijan is accelerating the implementation of its socio-economic development strategy, focusing on digital transformation and strengthening cybersecurity. The government is allocating resources to human capital development, prioritizing the training of cybersecurity professionals, said Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency, on January 30 during the fourth “Graduation Day” of the Azerbaijan Cybersecurity Center (AKM).
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