JSC Azer-Turk Bank has opened a branch in Masalli in the south of Azerbaijan. The branch named Masalli is located in the complex ASAN Hayat. According to the bank, its opening was attended by Azerbaijani President Ilham Aliyev.
From the beginning of the year, it has been the fourth full banking center opened. Previously the users received Branch №2 in Baku, as well as the branch Shirvan in the Shirvan city and the department Gabala in Gabala.
JSC Azer-Turk Bank was established in May 1995. By the end of August its assets reached 900 million manats. The state represented by the State Committee for Property Affairs owns 75% of its shares. Turkish Ziraat Bank owns 12.37%, and Ziraat Bank International owns 1.08%. The securities are also owned by two insurance companies: Reinsurance Company AzRe - 6.55% and Qala Hayat Sigorta - 5%.--17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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