In 2016, the assets of the insurance company Mega Sigorta increased by 10.9% or AZN 4,295,048 compared to 2015, amounting to 40,641,639 manat.
The capital of the company for the same time increased by 16.7% or 4,050,003 manat and amounted to 28,335,808 manat.
Over the reporting period, Mega Sigorta's obligations amounted to 12,305,831 manat (an increase of 245,045 manat or 2%).
In 2016, the insurance company’s income amounted to 25,151,883 manat, and the expenses were 17,517,116 manat. The net profit was 6,107,813 manat. ----71D
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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