The insurance company Ateshgah Sigorta has become the tenth in a row financial institution in the Azerbaijan market to gain access to the international system of Green Card.
According to the information of the Compulsory Insurance Bureau (BCI), the right to provide network services on the liability insurance of vehicle owners was received on December 22.
This is done in accordance with article 50-2 of the law "On compulsory types of insurance", which states that for the provision of services within CTP companies must be in the registry Green Card. By the way, the registration of insurers interested in international services expired yesterday.
Recall from January 1, Azerbaijan will be a transit member of the Southeast Group Green Card valid for 10 years. BCI represents Azerbaijan in the system. --17D-
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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