
Insurance payments in cases of road accidents over the weekend last year were higher than on weekdays - 1440 vs. 1280 manats.
With such an inquiry acted Bureau of Compulsory Insurance (BCI), interested in reducing cash refunds under the liability insurance of vehicle owners (CTP). According to official figures, at the weekend were 30.5% or 5,128 accidents. On weekdays there were 11,672 (69.5%) accidents.
It turns out that most accidents occurred last year on Mondays - 2,538 insurance cases to be considered in the framework of CTP. On Wednesdays were recorded 2,527 cases, on Thursdays - 2,518 cases, on Tuesdays - 2,474 cases, on Saturdays - 2,396 and on Fridays - 2,365. Least often in the past year CTP insurance cases occurred on Sundays - 1,982 cases.
According to BCI, most insurance claims for CTP in 2013 was recorded in July. - 17D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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