In the past year, CBA worked with a net profit of $ 5 billion 531.13 million manat (2014 was loss-making at the level of 308 million 734 thousand manat), the cause of which is the two-time devaluation of the national currency.
According to the report, taking into account the 50-fold growth of the share capital (from 10 million AZN to 500 million AZN), the total capital of the Central Bank rose to 5 billion 468 million 473 thousand manat, turning it into a leader of the local financial market on this indicator. --17D-
Economics
-
Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
-
U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
Leave a review