The assets of the insurance company Buta Sigorta in the first half of the year amounted to 10 million 775.838 thousand manats, decreasing since the beginning of the year by 17.1% (2 million 237.789 thousand manats).
The company’s capital for the reported period grew by 21% (1,564,869 manats) and totaled 8,801,778 manats.
The liabilities of Buta Sigorta for the six months decreased to 1,974,060 manats (65.8% - 3,802,657 manats).
The company's net income in the first half of the year amounted to 1,564,868 manats. -----71D
Economics
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Azerbaijan’s Ministry of Energy announced significant strides in deploying green energy projects within recently liberated territories, aiming to establish a comprehensive green energy zone in the regions of Karabakh and Eastern Zangezur.
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For over two months now, the "BakıKart" mobile application has been experiencing persistent problems. While there have been no issues with card payments on the Baku Metro and most buses, the same cannot be said for its mobile app. Many users report that the app either does not open at all, asks for a password and then crashes after entry, or opens but fails to display the account balance.
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Azerbaijan, where agriculture forms a crucial pillar of the economy, is responding to mounting climate challenges by implementing a series of strategic reforms aimed at boosting the sector’s resilience and sustainability. The government, facing reduced precipitation and erratic weather patterns, is seeking to transform adversity into an opportunity for growth and innovation.
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Azerbaijan’s industrial parks are drawing increasing interest from Saudi investors as discussions between Azerbaijani Economy Minister Mikail Jabbarov and a visiting Saudi delegation have highlighted potential investments across several sectors. The talks, held in Baku, focused on promoting mutual investments and creating joint ventures to further deepen economic ties between the two countries.
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