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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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