“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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The analysis shows that the economic growth in Azerbaijan in 2026-2028 will be fully ensured at the expense of the non-oil and gas sector.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In January-August 2024, two state financial institutions of Azerbaijan jointly paid dividends in the amount of AZN 169.9 million, or about $100 million. This is stated in the conclusion of the Accounting Chamber over the Draft Law ‘’On State Budget for 2024‘’.
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President Ilham Aliyev's decree of 28 March 2022 ‘On Approval of the Upper Limit of Ratio of Non-oil Base Budget Deficit to Non-oil Gross Domestic Product (GDP)’ is not honoured.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In 2025, the subsistence minimum in Azerbaijan will amount to AZN 305 for able-bodied population, AZN 232 for pensioners and AZN 246 for children. This is stated in the Draft Law ‘On Subsistence Minimum for 2025’.
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