The Central Bank of Azerbaijan (CBA) reported that in Azerbaijan by 1 May there were 2,642 existing ATM (+ 1.3% YTD). Most of them (1,484 units) are in Baku, while 1,158 are in the country.
In the context of the first European Games growth in the number of POS terminals was recorded (+ 6.9%) up to 78,039 at trade and service outlets. In Baku there are 49,824 (-0.5%), and in the regions there are 28,215 (+ 22.9%). Almost all of them (98.2%) operate in retail trade facilities (76,605). --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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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.
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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.
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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.
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