The system of check for insurance contracts has been updated. According to the information of the Bureau of Compulsory Insurance (BCI), information on the status of insurance claims relating to the registration, payment, confirmation that the Bureau puts forward in relation to insurance companies - members of BCI providing services to insurance (except life insurance), can be checked out on the website http://services.isb.az.
During the first five months of 2015 the control system of insurance contracts was sent more than 640,000 requests. Participants of BCI are 15 companies.
By January 1, 2015 assets of BCI totaled 20.1 million manats (+ 36.3% to the end of the previous year). Net profit last year amounted to 4.8 million manats (+ 29.7%). Last year's earnings were at the level of 6.9 million manats, and the expenses were 2.1 million manats. --17D-
Economics
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From December 1, 2024, the State Oil Company of the Azerbaijan Republic (SOCAR) has commenced gas deliveries to Slovakia under an agreement reached in November with SPP, Slovakia's state-owned energy firm, SOCAR announced in a press release.
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Azerbaijan is set to witness a surge in beer production over the next four years, according to government forecasts for 2025-2028. The projected rise underscores the country’s shift toward boosting its brewing industry, supported by agricultural initiatives aimed at increasing barley and hops cultivation.
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The Azerbaijani government has included a pessimistic forecast for the decline in hydrocarbon production in the country from 2025 to 2028 in the budget package of documents submitted for parliamentary review, Turan has learned.
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Azerbaijan has experienced steady growth in the steel production sector, with significant increases recorded in the first half of 2024, according to the State Statistics Committee. In the metallurgical industry, production volumes rose by 32%, while the output of finished metal products increased by 13.9% compared to the same period in 2023.
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