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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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