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As of September 1, 37.6% of the Baku respondents do not trust any bank of Azerbaijan, according to the survey conducted by Business Insight.
The survey conducted among 702 residents shows that, together with those who could not answer the question (8.8%), the number of suspicious ones approaches a half. And this trend is growing – the percentage of those displeased was 33.1% and 1.5% in January and 24.1% and 1.3% in April.
Capital Bank with the highest rating is trusted by 14.2% of the respondents, the International Bank of Azerbaijan – by 11.8%, Bank of Baku – by 7%, Uni Bank – by 6.6%, and Access Bank – by 4.1%. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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