According to the monthly report of the Central Bank of the Azerbaijan Republic on non-cash payments for the month of July, Bank of Baku has won first place in this category. According to the report, during the month of highest number of payments based on the calculation of the coefficient maps were made ??with plastic cards of the Bank of Baku.
In particular, in July 281714 was committed payments. The number of cards purchased in the "Bank of Baku", was 306 390. In another category of the report "Electronic Banking Services " "Bank of Baku" took second place.
Recall that in the May report of the Central Bank's cashless payments at the Bank of Baku also won first place. Thus, the Bank of Baku is the leader for the second month.
Encouraging non-cash payments, the Bank of Baku contributes to the expansion policy of non-cash payments made by the Central Bank of the Republic of Azerbaijan .
Most cards of the Bank of Baku, which is today one of the leading financial institutions in the country on the market of plastic cards are Bolkart, cards for loyal customers "Dostlar Klubu", VISA and MasterCard, as well as co-branded cards Mybrand's and Ideal. A special place among the ranks of the bank cards Bolkart, which enjoys considerable popularity among the population. Today about 140,000 citizens of Azerbaijan use these credit cards. -15D--
Economics
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The Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
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The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
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BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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