The average amount of interest income on bank deposits of the population was 5.49% in 2015.
According to the report of the Central Bank of Azerbaijan on the basis of the year, the banking system depositors paid 521.4 million AZN. At the end of the last financial cycle bank deposits amounted to AZN 9.5 billion (based on the devaluation of the national currency and the conversion rate under the CBA, which is nominally 31.9% more than by 31 December 2014). Recall that the double devaluation "dropped" the manat to the US dollar twofold, that is, the actual contributions of the population sank by 68.1%.
In addition, the CBA notes that the volume of deposits of the population at present exceeds the amount of loans, including consumer ones. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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