In April the total value of deposits in Azerbaijan amounted to 22.13 billion manats, up by 9.6% YoY, the Central Bank of Azerbaijan (CBA) reported. In particular, the value of deposits of non-financial organizations increased by 11.7% (10.561 billion manats), reaching 11.8 billion manats. The total value of deposits of legal entities in April reached…
In January-May industrial enterprises and private entrepreneurs operating in this sphere produced goods worth 19.6 billion manats, up by 2.2% YoY, the Azerbaijani State Statistics Committee reported. The production of non-oil goods increased by 15%. Some 69.9% of industrial goods were produced in the extractive sector, 25.1% accounted for the processing sector, 4.3% – for…
Bank Respublika has signed an auto financing loan contract worth $8 million with the Netherlands Development Finance Company (FMO), a Dutch bank. A loan for a period of three years was allocated to finance the agricultural sector and small and medium-sized enterprises (SMEs). The funds are also to be used to finance the activities of…
The volume of instant money transfers without the opening of an account increased in Azerbaijan in April both among the money transfers issued and the money transfers sent, Central Bank of Azerbaijan (CBA) reported. During the reporting period, the number of transfers issued increased by 18.3%, to 281,800 transfers in the amount of 170.1 million…
The weekly turnover at the Baku Stock Exchange (BSE) on June 10-14 amounted to 299.9 million manats. Most of the operations accounted for the placement of notes worth 219.3 million manats of the Central Bank of Azerbaijan (CBA). A total of 2.2 million notes at the price range of 99.4966 manats to 101.8365 manats were…
As of late April, bank deposits of the population of Azerbaijani regions made up 718.1 million manats, up by 16.14% YoY, the Central Bank of Azerbaijan (CBA) reported. The share of Azerbaijani regions in the total volume of all bank deposits in the country was 8.24%. In the reporting period, around 80.2% (575.63 million manats)…
SOCAR Carbamide plant has started exporting its products. The first batch with the first Azerbaijani carbamide has been sent from the Hovsan International Port on two vessels – “Phobus” and “Coral”. The authors of the transportation project are the SOCAR Marketing and Operations Department and the Caspian EPC Company, who also regulate and control the…