The Central Bank of Azerbaijan in January-April arranged the issue of money in the amount of 426 million 39 thousand manats (+ 64.67% by the end of May 1 last year).
According to the report of the CBA, the total cash receipts to the banks for four months totaled 12,246,597,000 manats (6.29%), including the proceeds from legal entities - 2,897,967,000 manats (+ 21.56%) and individuals - 1,046,772,000 manats (14.75%). Proceeds from bank operations with legal entities and individuals amounted to 7,858,790,000 manats (minus 0.67%).
Total cash flow of cash through banks amounted to 12,310,878,000 manats (5.28%). In the first place the banks payments on transactions with legal entities and individuals - 5,280,129,000 manats (7.74%), payments to businesses and individuals engaged in self-employed - 3,104,151,000 manats (minus 9.87%), transactions through ATMs - 3,571,491,000 manats (+ 19.37%). -17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No. 1051-VIQ dated December 2, 2023, and address regulatory requirements related to the implementation of the Competition Code.
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of agricultural land and enhance regulatory processes.
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