In 2016 the assets of the reinsurance company AzRe increased by 4,889,776 manat or 5% compared to 2016, amounting to 103,580,865 manat.
During the reporting period, the company's capital amounted to 75,448.392 manat (an increase of 5,937,185 manat or 8.5%).
The liabilities of the company for this period decreased by 1,047,409 manat or 3.6% and make 28,132,473 manat.
In 2016, the revenues of AzRe amounted to 67,421,412 manat, and the expenses were 47,235,835 manat. The net profit was 15,504,784 manat. -----71D
Economics
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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