Non-cash payments by ATM for 11 months of 2016 made 296 million manat, at an annual increase of 1 million manat.
According to the Central Bank of Azerbaijan, during the reporting period through POS-terminals there were non-cash payments in the amount of 467 million manat – AZN 109 million more than in the same period of 2015.
The total volume of non-cash payments through ATMs and POS-terminals amounted to 763 million Manat, an increase of 16.9% or 110 million AZN. -------71D
Economics
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
-
Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
Leave a review