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
-
According to data released by the State Statistics Committee, Azerbaijan’s agricultural sector achieved slight production growth in the first eight months of 2024. The total volume of agricultural production reached 8.723 billion manats, which is 0.8% higher than during the same period last year. However, this growth occurs against a backdrop of increasing food imports, despite significant government subsidies aimed at supporting domestic agriculture.
-
Azerbaijan has unveiled strong fiscal indicators for the first eight months of the current year, reporting a state budget surplus that underscores the country’s economic resilience amidst global uncertainties. According to operational data released by the Ministry of Finance, state budget revenues from January to August 2024 reached 25 billion 223.4 million manats, while expenditures amounted to 22 billion 362.4 million manats.
-
Azerbaijan has made significant progress in diversifying its energy balance, with renewable sources playing an increasingly important role in the country's electricity production. Operational data for January-August 2024 show that total electricity generation reached 19,235.4 million kilowatt-hours (kWh), marking a noticeable shift towards greener energy.
-
Bilateral relations between Azerbaijan and Russia are accelerating, particularly in the agricultural sector, as Deputy Prime Minister Shahin Mustafayev and Russia’s Minister of Agriculture Oksana Lut underscored during their high-level meeting on September 13 in Baku.
Leave a review