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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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