Largest Payment by AXA MBASK
Insurance company AXA MBASK has implemented an insurance payment on the occasion of compulsory civil liability insurance of vehicle owners (new CTP).
Since the accident was fatal third party insurance payment in the amount of five thousand manats was paid to the father of the deceased driver. Payment for this type of insurance was made upon the accident that occurred on March 8 in Hussar.
Since the beginning of the year on the policy of compulsory insurance of new CTP the company has received more than 400 thousand manats.
AXA MBASK is in the process of implementation of compulsory insurance in 5 regional offices, as well as in more than 70 agencies all over the country. Insurance policies are available online by connecting to a single information system Bureau of compulsory insurance.
For more information on rules and tariffs for compulsory insurance, visit www.icbari.az.
Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services on 25 voluntary and 4 compulsory insurance items.
In October 2010, the insurance company changed its principal shareholder, and on 7 December of that year, its license was updated.
The controlling interest (51%) was acquired AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).
The paid-up share capital of the company now stands at 6.74 million manat. It has a national network of 5 branches and representative offices. - 17D-
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review