The portfolio of Joint Leasing Company as of January 1 of the current year amounted to 30.81 million manat, increasing by 4.5 million or 15 percent.
As reported in the company's total number of concluded leasing contracts reached 520 units.
The company invested in the transport and construction, food production, health care, service and trade, banking and agriculture. Of the total leasing portfolio share of the construction sector accounted for 40%, transport - 33% of production - 20% and 7%, respectively, accounted for the remaining sectors.
Joint Leasing Company has operated from 14 June 2007 as the legal successor of the first leasing company in the country - Azerlizing. Joint Leasing Company shareholders are British company "DH Leasing LTD" (52.4%) and IBA (47.6%). -15D -
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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