Bureau of Compulsory Insurance (BCI) in January-November last year paid compensation to 65 victims and families of those killed in road accidents totaling 220,676 manat.
Last compensation in the amount of 5,000 manat was paid the day before in connection with the death of a man in a car accident on July 13, 2013 on the territory of the Khazar district of Baku - the press release of the Bureau reads. Compensation paid to the family of the deceased non-cash (by mail).
BCI is acting within the law "On compulsory types of insurance" and brings together contributions and deposits of 15 local insurers. Its main purpose is compensation, certain financial fund management, through which you will be compensated.
Its financial stability is based on an entrance fee, security deposit for each type of compulsory insurance and 5% of the total premiums for compulsory companies - members of the Bureau.
The membership fee is 200,000 manat.
The size of a single deposit for the members of the Bureau on compulsory insurance of the property is 100,000 manat; compulsory insurance of liability of owners of real estate - 100 thousand manat; compulsory motor insurance of vehicle owners (CTP) - 200,000 manat; compulsory insurance of passengers - 200,000 manat; compulsory insurance and disability of individuals from accidents and occupational diseases in the production - 100,000 manat. --17D-
Economics
-
The Agency for the Development of Small and Medium-Sized Businesses (KOBIA), in collaboration with the Ministries of Economy and Ecology and Natural Resources, organized a conference today in Baku focusing on the role of small and medium-sized enterprises (SMEs) in advancing the green economy.
-
Under the golden September sun, the Third Grape and Wine Festival took place in Shamakhi, in the village of Meysari on September 7-8, 2024, drawing wine enthusiasts and tourists alike to celebrate Azerbaijan’s ancient winemaking traditions. Organized by the State Agency for Tourism, the festival highlighted the country’s efforts to rejuvenate its viticulture industry, with a focus on boosting local production and expanding export opportunities.
-
Azerbaijan has spent over $1.6 billion on large-scale infrastructure projects, including the Crystal Hall for Eurovision, the Olympic Stadium in Baku, and the Shahdag ski resort. But according to Fikret Mamedov, a graduate of London Business School and director of Sage Solutions, this spending has not provided long-term benefits for the country’s economy.
-
The outcome of the 44-day Second Karabakh War in 2020 has significantly reshaped the ranking of foreign direct investment (FDI) into Azerbaijan's economy, economist Gubad Ibadoglu said in an article. Recent data show a notable rise in investments from Russia, Turkey, and China, particularly targeting the liberated territories. However, Western investments have remained limited, as barriers such as monopolies, a lack of judicial independence, and the government's classification of states as "friendly" or "unfriendly" have dampened interest.
Leave a review