Calls to Central Credit Register Service Fell by 2.2% in June
In June of this year the Central Credit Register Service (CCRS) received 78,566 requests, which is 2.2% less than the previous month. Of the total number of calls only 0.2% was done by individuals. The number of requests made was 36% less than it was in May.
According to the Central Bank, within the first six months of 2012 CCRS received 380.15 thousand requests. Compared to January-June 2011, the figure rose by 144.87 thousand units or 61.6%.
On July 1, 2012 the total number of borrowers reached 1.332 million, of which 1.309 million were individuals.
As of the reported date, the number of guarantors was equal to 481 thousand persons. The total number of credit data for the first time reached 3.449 million. - 15B -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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