In November 2016 Azerbaijan insurance companies made 64,961 contracts in electronic form on mandatory insurance of liability of vehicle owners (MTPL), said the Bureau of Compulsory Insurance.
The insurance fees totaled 5.2 million manat. Compared to the same period in 2015, the number of insurance contracts has decreased by 12.1%, and insurance fees have decreased by 14.5%. Since November 1, in Azerbaijan MTPL contracts have been concluded only in electronic format.
MTPL insurance fees amounted to 3,125,012 manat. -------71D
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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