In 2016, the assets of the insurance company Khalg Sigorta increased by 4.1% or AZN 2,127,299 compared to 2015, making 54,139,202 manat.
During the reporting period, the company's capital grew by 13.5% or 5,333,528 manat and is 44,758,666 manat.
The liabilities of Khalg Sigorta for this period decreased by 25.5% or 3,206,229 manat and amounted to 9,380,536 manat.
The authorized capital of the insurance company in 2016 increased from 32,516,000 manat to 39,388,700 manat.
The company completed the year 2016 with a profit of 6,672,531 manat. ----71D
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review