According to the Central Credit Register Service, in Azerbaijan by January 1 there were 2 million 316 thousand 540 borrowers (+ 18.61% or 363,544 people per year).
According to the report of the Central Bank, most of them (2 million 285 thousand 226) are individuals or more simply, consumers, 10 775 are legal entities and 20 509 are individual businesses. In terms of growth consumer loans are also ahead of "competitors" - the list of private borrowers by the end of the financial cycle added 359 029 individuals. The growing number of borrowers - legal entities for the period totaled 673, and the number of individual businesses - 3 812.
The Central Credit Register Service of CBA has been operating since March 2005. --17D-
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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