The Compulsory Insurance Bureau (CIB) at the end of last year had a net profit of 12 million 623.62 thousand manats, which is 2.6 times more than the previous year (4,831,450 manats).
As stated in the financial report of the structure, its total revenues were at 16.31 million at a cost of 3.68 million manats (+ 136% YoY).
Assets from 20,120,000 AZN in 2014 rose to the level of 33.08 million AZN. The reserve fund has accumulated 25.24 million manats, which is twice more than last year. The liabilities rose to 7.85 million manats. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review