Assets of Ziraat Bank Azerbaijan in the third quarter of 2016 increased by 3.8% (4 million 327.240 thousand manat) as compared to the second quarter, amounting to 117 million 305.340 thousand manat.
The share of foreign currency assets was 55 million 619.010 thousand manat.
The bank's liabilities during the reported period increased by 2 million 259.301 thousand manat (4%) and amounted to 57 million 709.011 thousand manat (the share of foreign currency - 45 million 835.790 thousand manat).
The bank's capital in the third quarter amounted to 59 million 596.329 thousand manat (an increase of 2 million 067.949 thousand manat, or 3.5%). -----71D
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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