According to the Compulsory Insurance Bureau (CIB), last month the compulsory insurance of civil liability of vehicle owners compiled and issued 75 590 insurance policies.
Most of them (66,616) are for local cars, and the remaining 8,974 are for foreign cars passing Azerbaijan on transit. Total, this is 6.3 million manats of premiums (+ 24.7% to last year's February).
Since the beginning of the year, according to the regulator, 135,516 contracts have been signed under the CTP at premiums of 11 million AZN. --17D-
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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