Armenian car owners to pay from AMD 21,841 to 133,206 annually for motor vehicle insuranceOctober 1, 2010 - 13:24 AMT PanARMENIAN.Net - The Armenian bureau of motor insurers published insurance tariffs applied for the compulsory vehicle insurance (OSAGO). According to information posted on the bureau official website, the minimum basic insurance payment was determined through application of minimum coefficients of risk towards the minimum basic insurance payment and comprised AMD 21,841 per year. Meanwhile, the maximum basic insurance payment was determined through application of maximum coefficients of risk towards the maximum basic insurance payment and totaled AMD 21,841 per year. On May 18, 2010 Armenian National Assembly approved the law on compulsory insurance of motor vehicles, which envisages payment of compensation to people who suffered in car accidents. The law will come into force from January 1, 2011, with the sale of insurance policies to start from mid-October 2010. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |