According to the Bureau of Compulsory Insurance, in 2013 16 800 insurance claims as a result of road accidents were recorded. These figures are 5.9 times higher than the data of the Chief State Traffic Police Department (2,846).
As Azerbaijan Insurers Association (AIA) told Turan, the reason stems from the fact that almost all insurance companies within the hull insurance pay compensation for each accident, and members of the Bureau also pay for the risks associated with health, damage to property and third party liability to third parties. The methodology of the insurers is more correct and the figures are more reliable, thy say in the AIA.
In addition, recent changes in the law "On insurance activity" allow participants in accidents with property damage of less than 1 000 manats (without harm to health) not to wait for the arrival of traffic police and the protocol of its employees. Such incidents in the past year were 58% (approximately 10,780) of the total number of accidents. - 17D-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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