Total assets of non-bank credit organizations (FINCA) increased in January-June 2013 to 44 million or 11% reaching 445.49 million manat. The growth of this index for the 12 months totaled 80.72 million or 22.1%. The share of organizations financed by international humanitarian organizations, had 83.1% of the total value or 370.02 million manat.
According to the Central Bank, the authorized capital of operating on 1 July 2013 139 non-bank credit institutions reached 67.99 million manat, increasing for the first six months of 11.3%, and for the last year - by 31.8%.
Number of branches operating in the country since the beginning of FINCA has increased by 16 to 130. Most of all branches (32) are located in Aran economic region.
Compared with the end of 2012 the number of organizations funded by international humanitarian organizations has increased by 2 reached 30. They accounted for 90.7 percent of the available filialov.-15D--
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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