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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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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