Using a survey method, the Azerbaijan Mortgage Fund (AMF) will identify companies able to develop and deliver software for it.
According to the official report of the Fund, he plans to buy the software to automate the process of annual inventory of fixed assets. According to the stated conditions, the responsibilities of the contractor will also include ensuring the implementation of the inventory data in the AMF automated system of accounting.
Proposals from the applicants will be accepted until November 14.
AMF was created in December 2005 and in March 2006 it began to issue mortgages.
Issuance of social mortgage in Azerbaijan began in 2007 and lasted for 6 months. AMF from 1 June 2009 resumed the process of issuing mortgage loans through 28 agent banks. This is done on commercial terms. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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