As of May 1, agent banks of the Azerbaijan Mortgage Fund (AMF) issued 14,540 mortgages. Data since March 1, 2006 published on the AMF website .
According to official figures , the volume of mortgage lending by the Fund in the years 2006-2014 amounted to 576 665 130 manat.
AIF established in December 2005 , in March 2006 began to issue mortgage loans. In January 2007, began issuing social mortgage ( maximum loan amount is not more than 50 000 manats at a rate of no more than 4 % per annum ) , which lasted for six months.
Mortgage loans on commercial terms issued to citizens of the Azerbaijani manat ranging from 3 to 25 years. The maximum loan amount does not exceed 50 000 manats at the rate of not more than 8 % per annum.
In 2013, the volume of mortgage lending by the AMF reached 112.9 million manat. - 17D-
Economics
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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.
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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.
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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.
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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.
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