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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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