The Bureau of Compulsory Insurance (CIB) in November gathered in the framework of compulsory insurance of civil liability of vehicle owners (CTP) 6.1 million manats (minus 0.1% to November 2014). According to the information, this amount is the result of conclusion of 73,885 contracts (minus 5.5%).
Overall, from January to December, it collected 71 million manats (9%) for 899,857 contracts concluded (+5%),
Selling insurance policies on CTP began on December 16, 2011 after the establishment of the new tariffs. The basic rate (for vehicles with an engine capacity of 1500 cub. cm) is 50 AZN. The following are the coefficients (1.5 to 5) with an increase in engine size. The maximum rate is valid for vehicles with an engine capacity of more than 5 thousand cub. cm., for which the owner pays 250 manat per year.
Owners of buses and minibuses with the number of seats from 9 to 16 pay 150, and with more than 16 seats - 200 manat.
Motorcyclists, tractor owners and other agricultural machinery pay 50 manat. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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