"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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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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