Bank of Azerbaijan Expands ATM Network
JSC Bank of Azerbaijan increased the number of its own ATMs to 34 units.
As reported in the bank the other day in the city center were installed three additional ATMs. They are located at the following addresses:
Sabail District, Prospect Neftchilar 1 (in the Park Boulevard Center)
Narimanov district, 76 Teymur Aliyev (inside the hotel Ramada)
Nasimi district, 32 Dilara Aliyeva Street (in the main department of Azerbaijan State Railways).
It should be noted that the Bank of Azerbaijan continues the policy of optimizing the ATM network and the end of the year plans to increase the number of the equipment. - 15D -
Economics
-
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.
-
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.
-
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.
-
"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.
Leave a review