By 1 November, 1,686 contracts in electronic form on compulsory insurance of liability of owners of vehicles (TPL) were registered, the Bureau of Compulsory Insurance said.
323 of these agreements relate to vehicles in transit, passing through Azerbaijan.
The total amount of insurance payments on compulsory motor TPL insurance totaled 124,065 manat.
Note that since November 1, 2016 MTPL policies in Azerbaijan have been issued only in electronic form. If the insurance company's website has organized online sale of insurance policies, the contracts can be purchased directly; if not, you can contact the company and provide it with the data necessary for the acquisition of the contract. After that, the insured person receives a text message with the number 9707, which indicates the billing code, and the same message comes by e-mail. After payment of the sum insured the contract enters into force. The payment can be made in a bank, a post office, payment systems on the Internet, and payment terminals of banks. ----71D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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