Now, before you make a decision about which of the banks to get a loan from, you can compare all your suggestions on the Bank Respublika website and determine which loan product is the most profitable one.
The new service " Comparative loan calculator " gives an opportunity to compare up to 4 credit products on the basic parameters : the amount , interest rate, commission , etc. period . As a result, the user will receive information about the final costs for each of the selected loans, monthly payment, and the actual interest rate.
Before deciding, Bank Respublika recommends consumers to compare loan products with the actual interest rate on the market offers and to get acquainted with all the terms of the loan.
To familiarize yourself with the new service, you can link to: http://www.bankrespublika.az/az/individual-clients/fifdcompare/.- 15D -
Economics
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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