The list of foreign insurance, reinsurance and brokerage companies listed in the register of the State Insurance Supervision Service under Finance Ministry of Azerbaijan. For example, in the register of insurers and reinsurers included two British companies: Arch Insurance Company (Europe) Limited and QBE RE (Europe) Limited. Thus, the total number of foreigners in this category has reached 161. The British company is the Direct Insurance London Market has expanded the register of foreign brokers - now the number of brokerage firms on the roster has reached 79. Registry was created by the Ministry of Finance according to the law "On insurance activity". It includes foreign insurance, reinsurance and brokerage companies with a high rating. It has been done so that local financiers have relied on leading partners from abroad during the transactions. --17D-
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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