Azerbaijan Mortgage Fund (AMF) is interested in insuring the car park, the office building, stock and property, as well as mandatory liability insurance in the operation of the office building. According to the structure, voluntary health insurance (VHI) workers is also held as a separate line.
Receiving offers from insurance companies will be held until April 13. The assessment is scheduled for April 14. Stamp duty for participation in the survey is 50 manat for each type of insurance.
AMF was established in December 2005 and in March 2006 it began to issue mortgage loans. In view of the disadvantages, issuing social mortgage lasted from January to July 2007.
On June 1, 2009 the process of issuing mortgage loans on commercial terms was resumed through 28 agent banks. In this case, on commercial terms mortgage loans are issued through funds raised from the issue of the Fund's own bonds. Social mortgage is provided by the budget. --17D-
Economics
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
-
At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
-
SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
Leave a review