The Central Bank of Azerbaijan has abolished the license of Baku branches of two local banks.
According to the Central Bank, revoked were the licenses of Branch Gozel of Azerbaycan Senaye Banki (Heydar Aliyev Avenue, 2023rd quarter, 92A) and AGBank-owned office in Diller Universiteti (R. Behbudov St., 60).
At present, the aforementioned banks operate through 9 and 22 branches and offices respectively. -15B
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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