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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |