Total receipts of cash to banks in January-August 2012 amounted to 20.341 billion manat, which is 38.9% more compared to the same period last year. The largest income came from the sale of foreign currency - 32.2%. The share of sales of goods was 16.9%, revenues on loans - 7.9%, revenues from ATMs - 4.8%, revenues from services and activities - 4.2%, revenues for notary accounts when buying property - 3.8 %, income on deposit accounts - 3.6%, etc.
According to the Central Bank of Azerbaijan, the shortage of cash turnover amounted to 962 million manat (AZN 127 million in August). Thus, the cost of cash for the period amounted to 21.303 billion manat. This is 35.6% more than in 2011. Of the total expenditure, the cost of purchasing goods and services was 28.5%, 26.6% - the cost of ATM cash collateral, 10.3% - the cost of buying foreign currency, 6.1% - mortgage payments, 4.7 % - a notary costs account for property transactions, 3.3% - payments from deposit accounts, etc.
Cash balance in the first eight months of the year amounted to 347 million manat, which corresponds to 1.7% of cash receipts during that time.
The average size of the daily cash receipts equaled 83,366 AZN, and the expenses - 87,310 manat. -15B-
Economics
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The first Russian-Iranian joint LNG plant is planned to be built in the Chelyabinsk region by 2027, as reported by Nikolai Isakov, Vice President and Executive Director of the Russian Gas Society. The joint venture will be developed by Kriogaz Chelyabinsk (Russia) and North-South Corridor Development Group (Iran).
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The Southern Gas Corridor (SGC) will expand by at least 1.2 billion cubic meters per year starting from January 2026, thanks to the capacity increase of its European segment, the Trans Adriatic Pipeline (TAP). By this time, the potential for transporting a blend of hydrogen with other low-carbon gases through TAP is expected to become clearer.
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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