The International Bank of Azerbaijan (IBA) this year installed new ATMs in 35 locations across the country. Now ATM network of this financial structure has 725 ATM units (29.2% of the total for the country).
As said in a statement, on the IBA account there are 64% of all ATMs installed by local banks since the beginning of the year.
In addition, from January to August, the bank has established POS terminals in 2448 trade facilities and services, which allowed to bring the total to 7399 units.
The International Bank of Azerbaijan was established in 1992 and is the largest bank in the country. More than half of its shares (50.2%) belongs to the state, and the rest is private shareholders. IBA shareholders are 14 legal entities and 1,556 individuals. -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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