Assets of the insurance company Gunay Sigorta in 2016 increased by 22.4% or 1,819,992 manats in comparison with 2015, amounting to 9,951,427 manats.
The company’s capital for the specified time increased by 1.4% or 104,168 manats and amounted to 7,806,140 manats.
During the reporting period, Gunay Sigorta's liabilities increased by 1,715,824 manats, amounting to 2,145,286 manats.
Incomes of the company in 2016 amounted to 2,213,256 manats, and the expenses were 2,091,851 manats. Gunay Sigorta completed 2016 with net profit of 104,167 manats. -----71D
Economics
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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.
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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.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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