In the first quarter of 2017, insurance companies concluded 19,452 contracts for compulsory insurance of real estate, the Bureau for Compulsory Insurance said.
In comparison with the same period last year, the number of contracts increased by 21.8%.
The premiums on the above-mentioned insurance contracts in January amounted to 5,684,385 manat, which is 32.1% less than in the same period of 2016.
12,941 contracts were concluded for houses and apartments, 124 for administrative buildings, and 6,387 for other real estate.
At present, thirteen insurance companies, i.e. Ateshgah, Standard Insurance, Ata Sigorta, Khalg Sigorta, Pasha Insurance, AXA MBASK, AzSigorta, State Insurance Commercial Company, Mega Sigorta, Ipek Yolu, Azerbaijan Senaye Sigorta, Qala Sigorta, and Gunay Sigorta conclude contracts on compulsory insurance of real estate. -----71D
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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