Assets of Ata Sigorta insurance company in 2016 increased by 1.7% or 550,431 manat in comparison with 2015, making up 32,232,136 manat, the company's report says.
During the reporting period, the liabilities of the insurance company decreased by 4.5% or 727,814 manat and amounted to 15,452,510 manat.
The capital of Ata Sigorta for the mentioned time increased by 1,278,245 manat or 8.2%, reaching 16,779,625 manat.
The total revenues of the company in 2016 amounted to 16,030,887 manat, and the expenses were 14,279,926 manat.
The authorized capital of Ata Sigorta functioning since 2004 is 12 million 400 thousand manat. ------71D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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