The assets of Amrah Bank in 2016 decreased by 47 million 878.952 thousand manat compared to 2015, or 15.7%, amounting to 256 million 223.844 thousand manat.
During this period the bank's liabilities decreased by 48 million 500 thousand 432 manat or 19.2% to 202 million 844 thousand 781 manat.
During the reporting period, deposits in the bank fell from 155 million 161 thousand 046 to 141 million 384 thousand 546 manat (8.87%).
In 2016, the capital of Amrah Bank in comparison with 2015 grew to 53 million 379 thousand 063 manat (an increase of 621 thousand 480 manat or 1.17%). -----71D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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