Investment company "Azfinance" suffered losses worth 0.35 million manats in 6 months
The investment company "Azfinance" has released financial indices for the first half of 2024.
In January-June, the financial structure suffered losses in the amount of 0.35 million manats. This is down by 2.7 times from the same period of the last year.
As of the beginning of July this year, "Azfinance"s assets amounted to 16.9% more than at the beginning of July last year – 6.9 million manats. The investment company's liabilities amounted to 3.2 million manats (10.9% less), the balance sheet capital - 3.7 million manats (59.4% more), including the authorized capital -1.55 million manats (unchanged).
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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