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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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