By April 1 this year the Central Credit Register with the Central Bank of Azerbaijan Republic accumulated information on 9,483,441 credit histories that indicates a rapid growth of consumer loans (a year ago it was 6,523,015, and by January 1, 2013 – 4,249,977).
According to the CBA, to this date the CDC has information about 2,389,292 (52% of the working population) borrowers against the 1,952,996 last year. At the same time representatives of financial institutions that have access to the information in the first quarter of this year addressed to the Centre, asking for information 805,319 times. In total, until April 1, there were 853,284 requests (in the 1st quarter of last year there were 618,979 references).
Over the past year the registry received 3,243,077 requests (in 2013 there were 2,306,480). --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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