The revenues of the insurance company Revan Sigorta for the first half of 2016 amounted to 968,529 manats.
The company's assets decreased by 430,732 manats from the beginning of the year (2.4%), amounting to 17,234,591 manats.
During the reported period, the capital of Revan Sigorta increased by 7% (968,530 manats), reaching 14,103,331 manats.
In the first six months of this year the company's liabilities decreased to 3,131,260 manats (30% - 1,399,262 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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