Almost $ 4.8 Billion AZN Issued for Circulation Additionally
From January to October 4 billion 796 million 59 thousand manats was issued for circulation additionally. According to the Central Bank of Azerbaijan, by 1 October of the previous year, on the contrary, there was a withdrawal of money from circulation (negative emissions) of 8 billion 851 million manats.
Based on cash flow in January-September, total bank cash transfers were at the equivalent of 32 billion 416 million 404 thousand manats (+ 7.7%), where the lead was for operations with individuals and legal entities - 19 billion 336 million 966 thousand manats. Income from entities accounted for 7 billion 916 million 901 thousand mantas and income from individuals was 2 billion 420 million 441 thousand manats.
Total cash flow for the reporting period amounted to 27 billion 674 million 146 thousand manats (minus 7.73%), and the lead was for transactions with legal entities and individuals - 11 billion 404 million 805 thousand manats (-10.07%), payments to individual entrepreneurs amounted to 6 billion 559 million 9,000 manats (minus 17.96%), and through ATMs, mainly in the form of salaries and pensions there was paid 8 billion 732 million 712 thousand manats (- 3.5%). --17D-
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- Politics
- 4 November 2015 19:23
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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