In the past year, CBA worked with a net profit of $ 5 billion 531.13 million manat (2014 was loss-making at the level of 308 million 734 thousand manat), the cause of which is the two-time devaluation of the national currency.
According to the report, taking into account the 50-fold growth of the share capital (from 10 million AZN to 500 million AZN), the total capital of the Central Bank rose to 5 billion 468 million 473 thousand manat, turning it into a leader of the local financial market on this indicator. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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