Another Partner for MilliKart
The processing center MilliKart booked another client to accept electronic payments - JSC Nakhchivan Bank.
As stated in the message of the center, the financial structure makes it "in order to improve the quality of services and the convenience of its customers." Payments can be made by different service providers, including Nakhchivan Telecom, State Agency for Energy, Production Association Nakhchivangas and NBinternet.
JSC Nakhchivan Bank received its license from the Central Bank of Azerbaijan in August 2008. The head office is located in Nakhchivan.
LLC MilliKart was established in July 2006 by18 local banks. In 2010, 10% of the shares were bought by the European Bank for Reconstruction and Development (EBRD). The authorized capital of the PC is 5.5 million manat. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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