BAKU/16.12.13/Turan : BAKU/22.11.13/TURAN : Azerbaijani insurance companies in January - October collected 22 million 984.41 thousand manats ( 9.5 % compared with the previous year ) for compulsory insurance and disability individuals from accidents and occupational diseases .
According to the information of the State Insurance Supervision Service of the Ministry of Finance AR , payments on this type of insurance amounted to 1 million 128.21 thousand ( 2.1 %).
Payout ratio and a 4.91% premium - that is , companies are hoarding capital exclusively , ignoring the interests of customers. Services in Azerbaijan on this type of insurance are provided by 3 insurance companies. - 17D-
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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