The assets of the insurance company Pasha Sigorta OJSC in 2016 increased by 19,470,176 manat or 17.2% compared to 2015, making 132,640,323 manat.
The company's capital grew by 2,030,919 manat or 2.9% and is 72,041,642 manat.
During the reporting period, the obligations of Pasha Sigorta amounted to 60,598,681 manat (an increase of 17,439,258 manat or 40.4%).
In 2016, the company's revenues amounted to 104,643,199 manat, and its expenses were 80,983,652 manat.
The company received 19,386,918 manat of net profit.
OJSC Pasha Sigorta is included in the group of companies Pasha Holding. The insurance company’s authorized capital is AZN 50 million. ----71D
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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