Activation of POS Terminals for European Games
On April 1, in the whole of Azerbaijan POS terminals conducted non-cash payments in the amount of 172 million manats (+ 12% to the end of March last year).
According to the Ministry of Taxes with reference to the Advisor to the Minister on Audit and Operational Supervision Ilgar Ahmadov, starting from 2014 and to increase the number of POS terminals in the network of trade and services, banks have delivered 75,000 of these devices, so now there are 86,000 units (+ 4,300 YTD). Most of them are in the capital - 62.4%.
The most active on this indicator (except the capital) are the cities of Sumgait, Mingechevir, Shamkir, Shirvan and Lankaran. They are closely followed by the regions Absheron, Shamakhi, Ismayilli, Oguz, Gabala, Sheki, Goychay, Balakan, Gakh and Zagatala.
According to the Ministry, the working conditions of POS terminals were inspected on 30,287 sites in the country, especially in Baku and Mingachevir, in May. Faults were identified for 1,632 POS terminals.
The number of POS terminals is increased, in particular, to facilitate the service of tourists who will visit the country within the framework of the first European Games (12-28 June 2015). --17D-
Economics
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
-
The Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) convened today, December 26, 2024, at a summit highlighting the evolving dynamics of regional cooperation and the complex interplay of geopolitical interests among EAEU member states. The meeting, held in Saint Petersburg, brought together the leaders of the EAEU countries to discuss a robust agenda that could shape the bloc's trajectory in 2025 and beyond.
Leave a review