  Armenia’s compulsory car insurance market sets record, leaves behind Russia and Europe February 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 |  Latest news 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.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
