In January, the total premiums of insurance companies in the framework of compulsory insurance and disability of individuals from accidents and occupational diseases accounted for 2.5 million manat (92.1% more than a year earlier).
As Azerbaijan Insurers Association (AIA) told Turan, against this background, the level of payments reduced - 151.9 thousand manat (minus 17.5%).
Recall that services under this type of insurance valid from December 16, 2010 are provided by 3 insurance companies.
In November of the same year the Cabinet approved the corresponding rates of payments. According to the decree, all economic activities are divided into 14 levels of risk on the basis of which the size of the insurance rate is determined for employees and workers, which ranges from 0.2% to 2% depending on the risk level at the enterprise.
Under the law an insurance rate is estimated against the wages fund in the enterprise. The law provides for three types of insurance payments: monthly, one-time and extra. --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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