The Azerbaijani banks in the first half of 2015 drew to deposit accounts 374,324,000 manat cash (1.97 times less than by 1 July of last year – 738,299,000).
But, judging by the report of the Central Bank of Azerbaijan, payments on deposits increased 1.89 times – 918,560,000 to 487,010,000 manat last year. That is, as a result of the February devaluation, which accounts for the process of capital outflow, the banks have lost a total 795.53 million manat as a result of distrust of depositors. --17D-
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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