Insurance companies - members of the Bureau of Compulsory Insurance (BCI) concluded 916,744 agreements on the liability insurance of vehicle owners to third parties in 2012.
According to the report of the Bureau, of these about 225 thousand contracts occurred in transit. As expected, the largest number of vehicles crossing the border, are registered in Turkey, Georgia, Russia and Iran. The share of the four is 79.95% of the total flow of foreign cars.
Table of transit traffic that crossed the Azerbaijan in 2012
Number Country Number of transport units
1 Turkey 73831
2 Georgia 53985
3 Russia 32543
4 Iran 19144
5 Germany 10813
6 Ukraine 7768
7 South Korea 7143
8 Japan 3648
9 USA 2865
10 Belarus 1244
11 Bulgaria 1073
12 Other countries Less than a thousand for every 10 470
Total 224 527
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Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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