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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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