On September 28 the Central Bank of Azerbaijan will hold the 13th deposit auction, according to the Central Bank.
The Central Bank expects to receive 50 million manats for the period of 28 days.
The interest on borrowed funds is defined in the corridor 12.01% -14.99%.
The Central Bank since June 2016 has launched deposit auctions. According to international practice, the main purpose of deposit auctions is the sterilization of money supply. At the time of deposit auctions the central bank receives commercial banks' deposits for placement. -----71D
Economics
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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Azerbaijan's "Working Group on Macroeconomic Stability," established by the Cabinet of Ministers to ensure the effective implementation of measures under the nation's 2022-2026 socio-economic development strategy, met on September 9 to review progress.
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The Agricultural Subsidy Council recently made a critical decision affecting Azerbaijan’s crop farming sector in 2025, particularly in light of rising fuel prices. On September 3, the Council announced new yield coefficients, seed and seedling quotas, and planting requirements for the upcoming year.
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The Agency for the Development of Small and Medium-Sized Businesses (KOBIA), in collaboration with the Ministries of Economy and Ecology and Natural Resources, organized a conference today in Baku focusing on the role of small and medium-sized enterprises (SMEs) in advancing the green economy.
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