According to the Bureau of Compulsory Insurance, 5,268 contracts in the framework of compulsory insurance of property were signed in October (minus 38% to October last year). These policies generated 1.3 million manats (minus 6%).
Within the framework of compulsory insurance of civil liability in the operation of real estate in the last month there were only concluded 343 agreements on the background of the voids in the legislation, and there was collected only 18.75 thousand manats.
"In October, 56% of insurance policies were for housing, 2% - office buildings, and 42% - other types of real estate," said the Bureau.
Also in October, there were concluded 34 contracts on compulsory insurance of passengers in the amount of 6,898 manats. --17D-
Economics
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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