Assets of Revan Sigorta Decreased by 8%
In 2016, the assets of the insurance company Revan Sigorta decreased by 1,423,621 manats or 8% compared to 2015, amounting to 16,241,702 manats.
During the reporting period, the company's capital amounted to 13,558,886 manats (an increase of 3.2% or 424,085 manats).
The liabilities of Revan Sigorta for the specified period decreased by 1,847,706 manats or 40.7% and make up 2,682,816 manats.
In 2016, the insurance company had revenues of 3,711,263 manats, the expenses were 3,362,601 manats and the net profit was 279,364 manats. -----71D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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