According to the Central Bank of Azerbaijan (CBA), up to December 1, 2014 the turnover of the national system of large payments (AZIPS) was 93 111 million manat (minus 8.7% to the end of a year ago).
In this format, they performed 453,000 operations (-0.7%), with an average size of a large payment at 196,500 manat.
Within the system of small payments (XOHKS) by December 1, 25,490,000 operations were held in the absolute volume 13,483 million AZN. Here the tendency is to increase - turnover increased by 0.9%, while the number of transactions - by 6.1%, with an average size of small payments at 565.6 manat (+ 1.7%). --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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