Another official appraiser of the Azerbaijan Mortgage Fund (AMF) has become known.
According to the information on the website of AMF, it is FM Consulting. Thus, the number of authorized evaluation organizations of AMF is 16. This means that citizens can feel free to contact the management of the company in the hope of obtaining mortgage loans from the Fund.
In March 2006 AMF began to issue mortgage loans. Social mortgage was issued for six months - from January to July 2007. The Fund has 28 agent banks, anyway active in commercial mortgages.
Mortgage loans on commercial terms are given in manat and only to Azerbaijani citizens. Loans are granted for a term of 3 to 25 years, the maximum loan must not exceed 50 thousand manat, a loan is granted at a rate of no more than 8% per annum.
Social mortgage is funded from the state budget. Its maximum size is 50 thousand manat at a rate of not more than 4% per annum. --17D-
Economics
-
In the "Contract of the Century," 13 companies from 8 countries (Azerbaijan, the USA, the United Kingdom, Russia, Turkey, Norway, Japan, and Saudi Arabia) participated. The companies involved were Amoco, BP, MakDermott, Yukos, ARDNŞ, LUKoyl, Statoil, Exxon, Turkish Petroleum, Pennzoil, Itochu, Remko, and Delta.
-
Azerbaijani Economy Minister Mikail Jabbarov met with a Chinese delegation led by Shen Yi, Deputy Executive Chairman of the All-China Federation of Industry and Trade, on Tuesday to explore collaboration on green energy transition and expand bilateral trade and economic ties.
-
Azerbaijan’s Working Group on International Trade held its latest meeting on September 19, assessing the nation’s progress in enhancing its trading environment over the past year. Chaired by First Deputy Economy Minister Elnur Aliyev and Vusal Shikhaliyev, the session included representatives from various government agencies and the private sector.
-
Azerbaijan commemorates the 30th anniversary of its pivotal Production Sharing Agreement (PSA) for the Azeri-Chirag-Guneshli (ACG) oil fields, a cornerstone of the nation’s economic transformation. Signed on September 20, 1994, the PSA was extended in 2017 through 2049, ushering in the second phase of what is dubbed the “Contract of the Century.”
Leave a review