The Bureau of Compulsory Insurance has paid compensation in the amount of 5,000 manat for the death of a man in a traffic accident.
As noted in a press release the Office, the accident occurred May 13, 2013 in the village of Mardakan and compensation was paid in non-cash on August 21.
The Bureau of Compulsory Insurance was established in the framework of the law "On mandatory types of insurance." Members of the Bureau are currently 12 insurance companies operating in Azerbaijan. One of them, Alfa Sigorta, has been deprived of the opportunity to insure customers through the liability of owners of vehicles, which is discrimination on the part of the Ministry of Finance. - 17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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