By November 1, Azerbaijan installed 2,556 ATMs (+ 5.5% YTD), according to the website of the Central Bank. Most of these, 1,447 (+ 5.9%) were installed in Baku, and the rest 1,109 (+ 5%) were installed in the regions.
POS terminals are massively installed in trade outlets on the eve of the European Games (+ 93.2% YTD). Now their total number is 64,297 across the country. Again, the primacy belongs to the capital - 43,767 POS terminals, but in the regions the increase is more - 4.7 times, accounting for 20,530 units. The vast majority of these devices, 62,876 or 97.8%, is dispersed in retail facilities. --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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