«We need a respectable company to insurance on November 1, fixed assets (property), cash and vehicles" - with the announcement made in ponedlnik Central Bank of Azerbaijan Republic (CBA.)
Under the terms, the tender is open to insurance companies having a license for the provision of these types of insurance. In addition, we need a bank reference about financial condition for the last year, certified by an audit of financial statements for the past year and the first quarter of this year. The tender is open to all insurance companies with a registered capital of more than 5 million AZN.
Bankers estimate the cost and quality of services, insurance conditions of the proposed package, the size of the franchise, well, and, of course, ranking partners (reinsurance companies.)
Acceptance of the proposals will be held until August 6, evaluation of bids will take place on 7 August. State duty for participation in the tender is 200 manat. Services will be provided from November 1, during the fiscal year. Within the framework of compulsory insurance of civil liability of vehicle owners (CTP) services will be provided from January 25 next year, they are also calculated for 1 year.
Typically, the CBA is not limited to one partner - its main facilities, including property insured by «AzSigorta», cash - in «PashaSigorta», fleet - in «Azerbaycan Senaye Sigorta». --17D-
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review