"FINCA Azerbaijan” non-banking credit organization (NBCO) earned net profit of over $500, 000 for year's first half
"FINCA Azerbaijan” non-banking credit organization (NBCO) earned net profit of over $500, 000 for year's first half
Non-banking credit organization (NBCO) “FINCA Azerbaijan”, a subsidiary of American financial giant "Finca International", has published financial indices for the first half of 2024.
The NBCO's net profit for January-June amounted to about AZN 0.9 million, or over USD 500, 000. This is up by 5% from the same period of the last year.
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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