The insurance sector in Azerbaijan demonstrated continued resilience and growth momentum in January 2024, with premiums collected by insurance companies reaching 139 million 113.5 thousand manats, marking a robust increase of 5.5% compared to January 2023, as reported by the Central Bank of Azerbaijan.
In recent months, a downward trend in prices for essential food items has been observed worldwide. According to the Food and Agriculture Organization of the United Nations (FAO), the FAO Food Price Index (CPI) in January 2024 decreased by 1.0% compared to December of the previous year. The FAO recorded a mixed picture, with the sugar price index increasing, while the grain and meat price indices decreased. Changes in dairy products and vegetable oils were reported to be slight. Overall, the FAO food price index was 10.4% lower than the corresponding indicator last year.
According to Gulamhusein Valadi, Director General of the Department of Northern Railways of Iran, the trade turnover between Azerbaijan and Iran has increased by 28% over the past 11 months, reaching a volume of 645 thousand tons, while a significant part of the transportation is carried out by rail.
Kyrgyz Ambassador to Azerbaijan and Georgia Kairat Osmonaliyev and President of Azerbaijan Airlines CJSC (AZAL) Samir Rzayev discussed the potential resumption of direct flights between Baku and Bishkek in the second quarter of this year, according to sources in the Kyrgyz Foreign Ministry.