Azerbaijan raises agricultural insurance payments by nearly 3 times
Azerbaijan raises agricultural insurance payments by nearly 3 times
In the first half of 2024, the Agricultural Insurance Fund paid 2.8 million manats.This is reported by the Fund.
The report says that this is up by 2.5 times from the same period of 2023.
In January-June, 2.2 million manats of insurance payments were paid out for crop production, and 0.6 million manats for livestock insurance.
Over the past year, payments for acreage have grown by 3 times, and for livestock farms - by 43%.
Recall that in Azerbaijan 50% of agricultural insurance premiums are paid by the state. As a result, farmers can insure their farms against numerous risks for a small fee.
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- Economics
- 1 August 2024 11:32
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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