Assets of AzerTurk Bank in the third quarter of 2016 rose by 144 million 52 thousand manat compared to the beginning of the year (21.7%), amounting to 807 million 630 thousand manat.
During the reporting period, the bank's liabilities increased by 21.4% (132 million 186 thousand manat) to 749 million 855 thousand manats.
During this period, the capital of AzerTurk Bank rose to 57 million 774 thousand manat (growth by 25.8% - 11 million 865 thousand manat).
The bank's profit amounted to 10 million 466 thousand manat in the third quarter of 2016. ------71D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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