Since the beginning of the year until August 1 turnover of cash payment cards amounted to 7,880,909,000 manat (+ 20.77% from the same period last year). The same ratio was also at the end of January-June.
According to the Central Bank of Azerbaijan, the income of banks on payment cards for the reporting period amounted to 1,316,722,000 manat. Withdrawals through ATMs totaled 6,564,287,000 manat (+ 20.03% compared to last year, when there was removed 5,468,927,000 manat).
We wrote that in Azerbaijan ATMs serve as cash desks for the delivery of wages to state employees or pensions to the poor. --17D—
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
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According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
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The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
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On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
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