Armenia’s compulsory car insurance market sets record, leaves behind Russia and EuropeFebruary 16, 2011 - 13:24 AMT PanARMENIAN.Net - On February 16, Rosgosstrakh-Armenia company, the leader in Armenia’s insurance market, summarized the results of the RA Law on Compulsory Car Insurance, which was enforced on January 1, 2011. “The primary goal of the law fulfillment has been achieved – 80% of all vehicles were insurance in a month,” Vice President of Rosgosstrakh company Rafael Minasbekyan told a press conference in Yerevan. He added that, according to unofficial data, this figure makes around 90%. Minasbekyan noted that Armenia sets records, being ahead of Russia, Central, Eastern and Western Europe by the pace of the mandatory vehicle insurance implementation. According to Minasbekyan, it took Russia a year to fulfill the law in 2002. As for Rosgosstrakh-Armenia, it has signed 120,000 contracts, which is over 36% of the total number of policies, since enforcement of the law on compulsory car insurance. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |