Stagnation in the Hull car insurance is observed for the first time. Last year the premium growth (56.86 million AZN with payments of 27.96 million manats) compared to the results in 2012 (56.7 million AZN with payments of 22.84 million manats) was 0.28%.
This stagnation is difference in comparison with the 20.9% between 2012 and 2011, when it was collected 44.86 million manat. Traditionally, growth in the range of 20% was observed in the segment of Hull in 1998, and now the pace has slowed down. The reason for this was the saturation of the local car market, although last year Azerbaijan imported 104 000 plus cars of different brands and classes.
According to the chairman of Azerbaijan Insurers Association Orkhan Bayramov, this year too, we should not expect activity on the background of the new rules on the issuance of bank loans. Stagnation will not affect the volume and timeliness of payments in proven cases of accidents and other damage to cars. - 17D-
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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