Assets of Pasha Hayat Sigorta Increased by 14.6%
In 2016, assets of Pasha Hayat Sigorta OJSC increased by 20,946,747 manat or 14.6% compared to 2015, amounting to 164,622,727 manat.
During the reporting period, the company's capital grew by 13.8% or 7,025,270 manat and amounted to 58,079,252 manat.
The company’s liabilities amounted to 106,543,475 manat in 2016 (an increase of 15% or 13,921,477 manat).
In 2016 the income of OJSC Pasha Hayat Sigorta amounted to 87,415,742 manat, and the expenses were 64,819,259 manat. Last year the company showed a net profit of 17,766,381 manat.
Pasha Hayat Sigorta OJSC has been operating since November 2010. It is a member of the group of companies Pasha Holding.
The authorized capital of Pasha Hayat Sigorta is 40,250,000 manat. ---- 71D
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review