In August 2016 there were registered 93,355 contracts on compulsory motor third party liability insurance, according to the Compulsory Insurance Bureau. Turan said 14,062 of these contracts accounted for insurance of cars with a foreign registration, using the territory of Azerbaijan for transit.
During this period, total insurance premiums on standard and border insurance contracts amounted to 7.4 million AZN.
Compared to July 2015, there was recorded an increase of 4.7% in the number of insurance contracts, and the insurance payments increased by 2.6%.
In August 2016 insurance companies increased the payments on compulsory motor insurance in comparison with August 2015 by 33% (2,493,616 AZN).
Payments were made in 1,986 insurance cases. ----72D
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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