BAKU/24.01.14/TURAN : Liabilities of the banking system for loans borrowed from the Central Bank of Azerbaijan (CBA) , widened in November this year at 4.9 million or 0.2 percent to 3,165.4 million manat. Over the one-year period , it increased by 498.2 million or 28.7% , since the beginning of the year decreased by 127.4 million or 3.7%.
According to the CBA, in February 2013 with the centralized credits are issued at the rate of 4.75% per annum .
By the end of October , the Central Bank of centralized resources were 46.9 % of all funds raised by banks from the financial sector and 18.8 % of total liabilities of the banking system .
It is noteworthy that exactly 5 years ago, when the global financial crisis began to be felt only in the country's banking system , the share of loans amounted to just CBA 178.4 million or 2.2 % of total bank liabilities. -15B-
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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