Azerbaijani banks in 2014 significantly increased lending to customers in the country. According to the Central Bank in the first seven months of this year compared with the same period of 2013 regional lending to individuals and legal entities grew 29% to 2,708,382,900 manat.
In the first place in terms of lending traditionally featured the Aran (Lowland) economic region - 946 921 100 manat with an average rate of 21% per annum, followed by the Absheron economic region surrounding Baku - 546 144 200 manat (18.2% interest), the Ganja-Gazakh economic region - 359 257,800 manat (22.1%) and the Lankaran economic region - 284 939 100 manat with an annual rate of 23.5%. -0
Economics
-
The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
-
According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
-
The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
-
On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
Leave a review