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
-
On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
-
The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
-
Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
-
Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
Leave a review