The only system of international money transfers from Azerbaijan - Caspian Money Transfer has announced the launch of the cash transfers to Georgia.
Under the terms of the action, from November 1 this year to February 28, 2013, for transfers, through the system of "Caspian Money Transfer" from Azerbaijan to Georgia (in favor of the banks Kor Standart Bank and Liberty) customers will pay a commission of 1.5%. However, they can send remittances to Georgian banks Kor Standart Bank and Liberty Bank for just 1% from the branches and offices of Zaminbank (the clearing bank system).
Operations under the Caspian Money Transfer take up to 5 minutes, and the commission is 1.5-2% and is levied only on the sender. The total number of service outlets today is about 130 thousand, covering 190 countries. Agents of the system are 21 of the 44 banks operating in the country. -15D -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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