Despite the prohibition of importation of the old Lada, in Azerbaijan the most popular are still VAZ cars.
As noted in the data of the Bureau of Compulsory Insurance (BCI), in the past year within the framework of compulsory insurance of civil liability of owners of vehicles (CTP) there were signed 245,619 contracts with the owners of vehicles produced in the popular Volga factory.
In second place (161 360) are policies of the owners of Mercedes Benz, while the third place with a large backlog (47,260) is Hyundai. Also popular are Toyota (36,154), Opel - 35,483, Ford - 29,697, Nissan - 24491, KIA - 21938, Mitsubishi - 20 260 and Volkswagen - 18 536. The remaining 290,666 cars are "scattered" in other brands.
According to the Bureau, in 2014, as a whole within the CTP, there were signed 931,464 contracts. Of these, 60,088 are related to car insurance, 9,974 - trucks and 1,478 - buses. The share of other vehicles and trailers is negligible.
The Bureau of Compulsory Insurance was established in the framework of the implementation of the law "On compulsory types of insurance." It consists of 15 insurers, 11 of which have the right to provide services under the CTP. --17D-
Economics
-
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.
-
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.
-
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.
-
The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
Leave a review