“CPM-Invest” investment company incurred losses of AZN 23,000 for first six months
"CPM-Invest” investment company has published financial indices for the first half of 2024.
For January-June the financial structure incurred a loss of AZN 23, 000 (the same period of the last year it finished with a profit of AZN 419, 000).
As of the beginning of July this year, the assets of “CPM-Invest” amounted to AZN 26.6 million, 4.3 times more than at the beginning of July last year. Liabilities of the investment company amounted to AZN 25 million (5.95 times more), balance sheet capital - AZN 1.6 million (18.9% less), including authorized capital - AZN 0.8 million (2 times more).
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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