Assets of the insurance company Khalg Sigorta increased by 2,127,299 manat or 4% in 2016 compared to 2015, making 54,139,202 manat.
During the reporting period, the company's capital increased by 5,333.527 manat or 13.5% and is 44,758,665 manat.
The liabilities of Khalg Sigorta in 2016 decreased by 3,206,229 manat or 25.5% and amounted to 9,380,536 manat.
In 2016, the company's revenues amounted to 18,256,763 manat, and the expenses were 11,584,233 manat. The company completed last year with a profit of 5,333,527 manat. ---71D
Economics
-
Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
-
The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
-
Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
-
The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
Leave a review