On the occasion of September 20 - the Day of Azerbaijani Oil - the Bank of Baku begins allocation of concession loans to employees of the oil industry of Azerbaijan.
As reported in the bank, in the period from September 20 to October 15, employees of the oil sector in Azerbaijan can enjoy 2% discount on the annual interest rates of consumer and cash loans (excluding auto and mortgage loans, loans for deposits and VIP). The maximum loan amount is 5,000 manat. The loan term is 30 months.
In addition to the 2% discount, customers without delays in the payment of arrears, receive a bonus of 50 manat in the campaign "Interest back." The gains are transferred to the card Dostlar Klubu (Club of Friends), which is already available to the client, or the same will be handed to him. The bonus amount will be used in the case of registration of a new money loan. -15D -
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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