Once again, the registry of foreign insurance, reinsurance and brokerage companies has been added.
According to the State Insurance Supervision Service of the Ministry of Finance of Azerbaijan, on the decision of its leadership the list has included the Italian insurance company Assicurazioni Generali SPA So the total number of foreign insurers and reinsurers on the roster has reached 148.
According to the law "On insurance activity," the register of foreign insurance, reinsurance and brokerage companies gets partners with high rating. It is through them that local companies conduct insurance, reinsurance and brokerage operations. --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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