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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The Azerbaijani government is determined to stabilize oil production. This intention was announced by President Ilham Aliyev earlier this year. "Work is underway to stabilize oil production, and I believe we will see results in the near future. We need stable oil production, and this task has been set before the investors," he remarked during one of his speeches.
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Representatives from the World Bank, Azerbaijan’s Ministry of Digital Development and Transport, and the leadership of the Baku International Sea Trade Port (BISTP) convened in Alat on Monday to discuss the implementation of the second phase of the port’s development, the largest on the Caspian Sea.
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Investments in Azerbaijan's fixed capital totaled 15.91 billion manats ($9.36 billion) in the first 11 months of 2024, marking a 3.8% decline compared to the same period last year, official data showed on Thursday by the State Statistics Committee.
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Discussions surrounding the implementation of a landmark renewable energy project on the Absheron Peninsula took center stage at a December 11 meeting hosted by Azerbaijan’s State Agency for Renewable Energy (AREA) under the Ministry of Energy. The project, initiated through a memorandum of understanding signed on March 1 in Baku, involves collaboration with the Spanish engineering giant Elecnor.
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