The assets of non-bank credit organization LLC Icraci Kredit Agentliyi decreased during the past year by 4.3% to 15.55 million manat. Loans for the period decreased 1.9% to 15.08 million manat.
Total liabilities of the company for the period decreased from 15.96 million to 15.16 million manat manat.
Balance sheet assets increased by 85.6% to 388 thousand manats, and paid charter capital amounted to 43.83 million manat.
Retained profit at 1 January 2013 amounted to 243.1 million manat, increasing 127%. - 15B -
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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