The total assets of Synergy Group increased at 60.4% during the past year, amounting to 136 262 480 manat.
As stated in the consolidated financial statement of the Group on its website during the reporting period, the total investment amounted to 17,242,920 manat (an increase of 6.3 times), receivables - 13,943,310 manat (+ 19.8%), prepayments - 11,336 160 manat (an increase of 6 times).
Obligations by the top of 2014 were equal to 3,679,650 manat (+ 60.2%), including payables - 3,002,410 manat (an increase of a factor of 2).
The Group's equity in the reporting period was 132 582 840 manat (+ 60,4%), and the accumulated losses were 33,141,470 manat (an increase of 2.1 times).
Total losses in the Group last year amounted to 20 million manat, increasing twofold.
JSC Synergy Group was founded in 2010. It invests in a number of strategic areas of the industry, managing a portfolio of 24 companies in various fields. The Group's share capital is 15 million manat. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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