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-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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