Incomes of OJSC Mortgage Fund of Azerbaijan in 2016 increased by 2 million 294 thousand manat or 11%, up to 22 million 95 thousand manat in comparison with 2015.
During the reporting period, the Fund's profit amounted to 7 million 659 thousand manat (an increase of 2 million 259 thousand manat or 41.8%).
The obligations of the Mortgage Fund decreased by 1.7% or 6 million 99 thousand manat, amounted to 343 million 881 thousand manat.
The capital of the Fund for the indicated time was 349 million 244 thousand manat, showing growth of 58 million 164 thousand manat or 20%.
The money of the Mortgage Fund for the reported period increased from 2 million 458 thousand manat to 10 million manat. -----71D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review