The insurance upon fraud in financial structures grows. Last year in the framework of this kind collected 1,008,011 AZN with payments of 2,244,750 manats. For comparison - at the end of 2012 the ratio was 444.25 to 618.69 thousand manats , and in 2011 was paid only 6.12 million AZN with bonuses of 374.58 thousand manats.
According to local experts, the reason lies in improper management of the banking system and the lack of proper control. As a result, only the insurance company Baki Sigorta made a lump sum payment of 1.7 million manat or 75.9 % of total payments in this segment.
Growing demand for this type of service ( recorded 366.7 fold increase payments for 2 years) forced lawmakers to prepare amendments to the law " On Banking " and the central bank - to make a standard , comprising introduction of electronic circulation of documents based only on licensed programs. - 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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