In December, the Azerbaijan Mortgage Fund (AMF) granted 157 loans worth 7,088,150 manat.
Judging by the structure the fourth quarter was not the worst in the past year - from October to January borrowers received 468 loans totaling 21,480,000 manat. The worst situation was in Q3 (341 loans for 15,575,640 AZN) and Q1 (433 loans for 19,043,130 manat). From April to July, there was a relative boom - 904 loans for 56,875,030 manat.
In total, over ten years AMF agent banks issued 17,925 mortgage loans worth 729,737,519 manat. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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