With membership AzerSigorta insurance company finally decided on a list of market participants with access to the international system of Green Card - now there are 11.
According to the information of the Bureau of compulsory insurance (ISB), the right to network services on insurance of liability of owners of motor vehicles received state commercial insurance company the day before.
This is done in accordance with article 50-2 of the law "On compulsory types of insurance", which states that for the provision of services within OSOGO companies must be in the registry Green Card.
Recall from January 1, Azerbaijan has become a transit member of the Southeast group Green Card valid for 10 years. The representative system - ISB. - 17D-
Economics
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As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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