In May, the Bureau of compulsory insurance paid 1 million 968 thousand 626.37 bn at the requirements of the citizens within the compulsory insurance of civil liability of owners of motor transport (CTP).
According to the official report of the Bureau, the payments made to 1 442 thousand insurance claims. In particular, payments in the amount of 1 million 805 thousand 362.99 manat produced by 1,354 insurance claims related to damage to the motor vehicle. On 43 cases of damage to third party property paid AZN 68 thousand 263.38, based on 33 cases of injury were paid 35 thousand manats (33 cases). On 12 fatal outcomes during a crash there was paid 60 thousand manats.
In the past year, there was paid a total 6.83 million manat at CTP. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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