The total capitalization of the local banking sector by November 1 was 4 billion 92.1 million AZN, reads the information of the Central Bank of AR (CBA).
In comparison with the beginning of the year, the figure dipped by 4.2% - as of January 1 the capitalization stood at 4,269,700,000 manats. In October, on the contrary, the level of capitalization grew by 0.11%.
In Azerbaijan, licenses for financial and credit activities belong to 43 banks, the control of the shares of two of which belongs to the state. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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