Credit organizations of Azerbaijan carried out in June 2012, 1,876,000 money orders totaling 10,167 million AZN. The number of payments was 263 thousand and the total turnover increased from the previous month by 272 million manat.
Compared with the corresponding period last year, the number of payments in January-June increased 4,472,000 or 57.8% to 12,209,000, and their volume increased 10,566 million AZN or 23.6% to 55,381 mln AZN.
In the structure of payment transactions in January-June, the share of large and urgent payments was 1.8% (217,000) of the total number and 91.1% (50,477 million) of the total value. The average size of this category of payments decreased compared to June 2011 by 1.5% to 219,200 manat, and small and medium size retail payments increased by 43% to 522.9 manat.
As of July 1, 2012 payment system users were 54 organizations, 50 of which could make large and urgent payments. - 15B -
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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