The Bureau of Compulsory Insurance (BCI) last year concluded 152 111 contracts under the compulsory insurance of real estate (+ 36.05% per year). Recall that in the country, there are about 2 million such facilities, including housing.
According to the BCI report, the total amount of premiums on the treaties was about 16 million manat (+ 23.81% per year).
Of the total number of contracts 80.38% accounted for residential units, 0.31% - for office buildings, and 19.31% - for other immovable property.
On liability insurance for real estate 4,283 contracts totaling 334 440 manat were signed last year. The rate for contracts for the year decreased by 15.15%, and for revenues - by 11.68%. Thus 2,672 agreements were concluded with legal entities, and 1,611 - with individuals. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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.
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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.
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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.
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