Growth of Compulsory Property Insurance Market in Azerbaijan Amounted to 30%
. In August, the insurance payments under contracts of compulsory insurance of real estate amounted to 2.1 million manats, according to the Compulsory Insurance Bureau.
According to Turan, 17,445 contracts on compulsory real estate insurance were signed in August.
Compared with the same period of 2015, the amount of insurance premiums increased 30%, while the number of contracts on compulsory insurance of real estate grew 2 times. -75D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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