In comparison with January of last year, last month, local insurers - members of the Bureau of Compulsory Insurance (BCI) reduced the level of premiums for compulsory civil liability insurance of vehicle owners (CTP).
According to the report, this segment recorded decline by 7.8% to 4.7 million manats. The funds were collected on 56,926 contracts (minus 13.7%).
The typical policies on the new tariffs have been involved from 16 December 2011. The base fare without coefficients is set at AZN 50 and relates to cars and motorcycles of engine capacity up to 1.5 thousand cubic meters, as well as agricultural equipment. The maximum rate of AZN 250 with a factor of 5 applies to vehicles with an engine capacity of more than 5 thousand cubic meters.
Recall last year the insurance premiums under the compulsory motor insurance amounted to 76.37 million AZN. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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