BAKU/18.12.13/TURAN : JSC Pasha Bank in the first 11 months of 2013 had a net profit of $ 9.86 mln, which is 16.5 % less than in the same period in 2012 . The bank's earnings equaled 58.94 million manat and expenditures - 49.09 million manat, increasing by 10.8 % , respectively , and 18.6%.
Assets widened in January-November by 1.3 %, amounting to 751.59 million manat. Volume issued to individuals and legal entities grew by 28.7 %, amounting to 361.62 million manat.
Deposit portfolio decreased by 25.9 %, amounting to 338.66 million manat, including term client investments decreased by 43.4 % to 109.51 million manat.
The total capital increased by 33.6 % to 237.82 million manat and paid charter capital - by 45.2 % reaching 228 million manats. - 15B -
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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