The assets of the insurance company Ata Insurance in the first half of 2016 increased from the beginning of the year by 0.5% (178,093 AZN), amounting to 31,859,799 manats.
During the reporting period the company's capital increased by 10% (1,669,829 AZN) and amounted to 17,171,210 AZN.
In the first half of the year the obligations of Ata Insurance amounted to 14,688,589 manats (reduced by 9.2% compared with the beginning of the year – 1,491,735 manats).
The net profit of the insurance company for the first half of 2016 amounted to 1,669,829.36 manats, with the revenue of 7,644,181.12 AZN and the costs of 5,974,351.76 manats. --75D
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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