The assets of the insurance company Bashak Inam for the first half of 2016 amounted to 8,531,672 AZN. In comparison with the beginning of the year, the assets decreased by 6.8% (627,831 AZN).
During the reporting period, the capital of the insurance company decreased by 3.3% (270,619 manats) and totaled 7,778,527 AZN.
The liabilities of Bashak Inam for the first six months of this year decreased to 753,144 AZN (32.1% - AZN 357,212).
In the first half of the year the company’s net profit amounted to 294,362 manats.
Bashak Inam was created in 1996. Its shareholders are five legal entities and 17 individuals. -----71D
Economics
-
Emin Agalarov, an Azerbaijani businessman and prominent figure in the country's entertainment industry, has reignited the debate over the legalization of gambling in Azerbaijan with his latest proposal to open a casino in the upscale Sea Breeze resort complex, located in the traditionally conservative village of Nardaran. In a candid interview with Russian journalist Ksenia Sobchak, Agalarov revealed that the initiative is currently under government review, stirring speculation about the potential impact on the country's economy and social fabric.
-
The State Oil Fund of Azerbaijan (SOFAR) reported revenues of $4.60 billion from the Azeri-Chirag-Guneshli (ACG) oil field in the January-September period of 2024, a decline of 12.1% compared to the same period last year. In 2023, SOFAR recorded revenues of $5.23 billion from ACG, the largest oil field in Azerbaijan.
-
Azerbaijan launched its first trade forum on Monday to highlight the opportunities and challenges faced by small and medium-sized enterprises (SMEs). The forum, titled “Opportunities, Current Situation and Challenges for SMEs,” aims to strengthen dialogue between the public and private sectors while promoting international business cooperation.
-
Vahid Magerramov, Head of the Public Association for Support of Agrarian Reforms, has raised concerns over rising consumer prices in Azerbaijan, warning that the inflation trend could have serious economic consequences for the country.
Leave a review