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
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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