"AtaBank" OJSC has offered a new service of preferential loan products to its clients. From now on you don't have to provide a proof of employment and pledge guarantee.
Campaign started on February, 25, and will not be limited in time. The loan minimum amount will be 300 manats, and maximum 40,000 manats, withloan period up to 48 months. The loan interest ratefor personal consumer needs starts at 12%.
"AtaBank" OJSC successfully functioning since 1993 is one of the largest commercial banks of Azerbaijan. "AtaBank" is the hi-tech universal bank rending full complex of services to corporate and private clients.
"AtaBank" OJSC has opened 24 branches. 12 of them are located in Baku, and 12 of them in Gandja, Sumgayit, Khachmaz, Evlakh, Mingechevir, Shamkir, Geychay, Shirvan, Naftalan and Lenkoran.
The persons, who would like to get the detailed information about AtaBank's services and products could visit a bank page in a social network- www.facebook.com/AtaBank/. --15D--
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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