Last payout Bureau of Compulsory Insurance (ISB) was 1.5 thousand manats. Compensation for injury and damage to health citizen determined upon accident .
As stated in the press release of the structure, the accident occurred September 16, 2013 in Nizami district of Baku, and the cashless money was paid yesterday, January 21, 2014 .
Last year, ISB paid on 24 proven facts as a whole 54 391 manats to affected citizens and families of those killed in local accidents.
Bureau of Compulsory Insurance was established on the law "On mandatory types of insurance." Bureau members are now 12 of the 28 insurance companies operating in Azerbaijan.
Members of the organization must have an appropriate level of capitalization and offices in all the 10 economic regions of the country. Membership fee for insurance companies wishing to join the Bureau is 200 manats. -17D-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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