Assets of the insurance company Gala Sigorta in 2016 increased by 6.9% or 2,949,237 manat in comparison with 2015, making 45,704,740 manat.
The capital of the company for the reporting period increased by 5,447,600 manat or 44.4% and is 17,720,210 manat.
For the specified time, the obligations of Gala Sigorta decreased by 2,498,364 manat or 8.2%, amounting to 27,984,529 manat.
In the past year, the company's revenues amounted to 40,003,987 manat, and the expenses were 36,736,198 manat. The net profit was 2,589,472 manat. -71D
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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