In 2016, the assets of the insurance company A-Group decreased by 17.5% or AZN 4,914,740 compared to 2015, amounting to 23,132,491 manat.
During the reporting period, the company's capital decreased by 29.7% or 5,003,026 manat and amounted to 11,822,699 manat.
For the specified time, the obligations of A-Group amounted to 11,309,791 manat (an increase of 88,285 manat or 0.8%).
In 2016, the insurance company had an income of 15,189,307 manat, an expenditure of 11,605,578 manat and a net profit of 2,866,983 manat. -----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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