Cashless Payments Increased by 16.9%
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
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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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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