BAKU/30.01.14/TURAN : Total assets of Azerbaijani banks widened in December last year by 201.5 million or 0.9% to 20,385.1 million manat. From the beginning, the bank's assets increased by 23.3 %.
According to the Azerbaijani Central Bank , credit investments at 1 January 2014 amounted to 14,989.8 million manat, increasing the reporting month by 77.6 %. Over the last year the lending of the economy grew by 25.3 %.
Deposits in banks in December decreased by 23.8 million or 0.4 %, to 6,395.8 million manat. This figure from the beginning of the year grew by 25%.
The total capital of the banking sector increased in the reporting month by 84 million or 2.6% amounting to 3,426.2 million manat. During the year the figure rose by 853.2 million or 33.2% . In many ways, this growth was caused by the CBA decision about a fivefold increase in requirements to the minimum level of total capital of banks. The decision was due to come into force on 1 January this year, but then for reasons of financial stability the oversight body has delayed its performance for the year . - 15B -
Economics
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The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
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