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 President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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