AzeriCard Extends Functionality of Application MobilBank
The processing center AzeriCard announces a new addition to the menu of the payment applications MobilBank.
According to the information center, now the subscribers of the mobile applications have the opportunity to pay for services of Azersu. To do this, you should enter the subscriber code, the payment amount and confirm the payment. Recall that MobilBank service allows you to view the balance, get a statement from the accounts of the connected card, lock card in case of loss or theft, transfer money from one card to pay for the services of mobile operators, Internet service providers, TV, utilities, use of the service Cash by Code, and also get a one-time password for Internet Banking, etc.
In the future they plan to build a functional menu by adding new types of payments and new services. The list of banks that provide services to the new version MobilBank, as well as instructions on connecting, can be found here: http://azericard.com/?p=13. -15D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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