JSC Caucasus Development Bank in the first half of 2014 rose slightly. According to the financial structure, by July 1, its assets increased by 4% - up to 132 984 660 manat and the credit portfolio became AZN 117,446,970 (+3.3%). The bank's liabilities are 72,087,250 manat (4.9%). Deposits in the bank account for 7,962,750 manat (+3.7%), including the contributions of the population - 6,871,500 manat (+ 8.5%). The bank's equity to start the second half of the year is equal to 60,897,420 manat with sufficient authorized capital - 52 million manat. The net profit amounted to 4.1316 million manat to 1 July.
JSC Caucasus Development Bank was established in April 1996 in order to accelerate economic and social development of the countries of the Caucasus, with the assistance of enterprises, banks, organizations and citizens of Azerbaijan, the USA, Germany, Russia and Georgia. --17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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