Baku Bus LLC and Pasha Sigorta Insurance Company concluded a contract for the provision of several services by the company Baku Bus.
The contract is concluded for mandatory third party liability insurance (MTPL) for vehicles, voluntary insurance of motor third party liability, hull insurance of buses, voluntary insurance of civil liability to third parties and voluntary property insurance against all risks.
However, Baku Bus in violation of the current legislation does not wish to disclose details of the agreement. Turan got in touch with the contact person of the tender, lawyer Ilgar Ajamov, who refused to disclose the amount and term of the contract.
“We will not disclose these details, as there is an article in the agreement providing for non-disclosure of data to a third party,” he said.
However, it should be emphasized that the details of the tenders on state purchases of other companies are public information. For example, details of the agreement between the State Oil Company with Pasha Sigorta are public information.
Note that Baku Bus Ltd. did not submit reports to the supervisory authority on tenders for 9 months of 2015 and the first half of 2016. ======71D
Economics
-
The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
-
Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
-
The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
-
In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
Rəy yaz