To meet the needs of entrepreneurs of small and medium business, and create a more comfortable environment for private sector development, Bank Respublika reduced fee and canceled the insurance requirements of collateral value of up to 30,000 AZN.
Thus, the commission on business loans for small and medium business is 1%, and the maximum amount and the annual interest rate on the loan - 300 000 AZN and 22% per annum.
Also, when applying for a loan with Bank Respublika, customers can get up to 2% annual interest rate, depending on the particular application for the loan.
One of the benefits of loans with Bank Respublika is the ability to pay the loan without visiting the bank, online through the website of the bank through ATMs or mobile application Mobil Bank. -15D -
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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