JSC "Bank Technique" has successfully implemented a new automated banking system FlexCube of Oracle Financial Services Software.
As reported in the bank, the project was completed in record time - 4 months. Migration covered 34 branches and 15 branches. During this time, migrate 130,000 customer accounts with the new IBAN codes.
The system was set up for a new chart of accounts, which was introduced by the Central Bank of Azerbaijan. The Bank also has automated many processes. -15D -
Economics
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Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
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The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
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