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 September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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The historic city of Shusha, with its rich cultural heritage, hosted the International Day of Gastronomy on Thursday, a vibrant event organized by the State Tourism Agency, the Shusha City State Reserve, and the National Culinary Center. This event served as a bridge between various cultures and culinary traditions, showcasing the richness of the Islamic world's cuisine through the celebration of the iftar table.
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