The least used segment of compulsory insurance is insurance of passengers. As of June 1, with the carriers there were signed 57 agreements in total premiums of AZN 42.28 thsd.
According to the Bureau of Compulsory Iinsurance, for all of last year on this type of insurance was concluded 363 contracts (93 thousand 427 manats premiums).
According to the Ministry of Transport (http://mintrans.az/?mod=inside&lang=az&menu=116), only in Baku are about 4 thousand buses of varying capacity. With an average daily plan of 100 manat (excluding regions), it is 12 million manats a month.
Passenger insurance is optional, but the Finance Ministry has not yet got a scheme to raise funds in this segment. Or, there are more important things to overcome, or rather transportation officials and monopolists do not let them do so. - 17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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