Azerbaijan’s Car Imports Shrink in Volume but Surge in Value Amid Growing Demand for Electric Vehicles
Economics
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Recently, three credit unions in Azerbaijan were removed from the market. The Central Bank (CBA) revoked the licenses of the "Abbas," "Amin," and "Azərmaliyyə" credit unions. As a result, the number of licensed credit unions in the country has dropped to 36.
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On Tuesday, Azerbaijan Airlines (AZAL) signed an agreement with Spanish company Indra to implement the advanced MANAGAIR air traffic management system as part of the country’s long-term modernization strategy.
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Azerbaijan's freight and passenger transportation rose by 3.3% and 8%, respectively, in the first 11 months of 2024 compared to the same period last year, according to the State Statistics Committee.
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Azerbaijan has launched the "Fast Pass Card" for users of the Baku-Quba-Russia border toll road, the State Agency for Azerbaijan Highways announced on Monday.
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