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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The Central Bank of Azerbaijan (CBA) today held a briefing on the financial results for the first half of 2024, shedding light on the country’s economic health and key indicators influencing its external balance. Samir Nasirov, Director of the CBA Statistics Department, outlined the current account surplus, foreign investments, and other critical metrics during the event.
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On September 11, 2024, Azerbaijan's Economic Council, chaired by Prime Minister Ali Asadov, convened to review the draft state and consolidated budgets for 2025-2028. The meeting, dedicated to key financial and economic issues, addressed global economic trends, macroeconomic forecasts for 2024-2028, and the country’s budget policy for the coming years.
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Azerbaijan's fixed asset investments in the first eight months of this year totaled 11.2 billion manats, reflecting a 1.7 percent increase compared to the same period last year, according to data from the State Statistics Committee. This uptick highlights the country’s ongoing commitment to infrastructure development, though the composition of investment flows reveals contrasting trends between sectors.
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Azerbaijan’s gross domestic product (GDP) grew by 0.8% in the January-August 2024 period, reaching 80.96 billion manats ($47.62 billion), reflecting stability in overall production compared to the same period in 2023, according to data from the State Statistics Committee.
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