Azerbaijan Mortgage Fund's assets in 2016 increased by 52 million 66 thousand manat, or 8.1%, to 693 million 125 thousand manat.
The Fund’s bank deposits are 39 million 171 thousand manat.
In 2016 the Fund gave mortgage loans totaling 537 million 273 thousand manat.
The Fund's liabilities decreased by 1.74%, or 6 million 99 thousand manat in the reported period, amounting to 343 million 881 thousand manat.
The securities issued in 2016 made up 337 million 557 thousand manat.
The Fund’s capital for the reported period increased by 19.98%, or 58 million 165 thousand manat and reached 349 million 244 thousand manat.
In 2016 AMF showed a profit of 8 million 220 thousand manat. -------------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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