Members of the Bureau of Compulsory Insurance (ISB) during the past month concluded more than 72.8 thousand contracts. As stated in the press release, the structure of the transaction entered into by a single information network within the compulsory insurance of civil liability of vehicle owners to third parties (CTP).
The share of transit agreements with the increased compared to June by 5.9% to 31.7% (23.1 thousand contracts). The reason for this is that if the earlier agreement with the owners of foreign cars crossing the border of the Republic, consisted exclusively for a period of 1 month, now it is possible to enter into agreements for a period of 1 year.
In general, the CTP from July 1 to August 1, collected more than 5.6 million manat of premiums - by 7.2% more than in June. The average cost of premiums in July was 77 manat. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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