JSC NIKOIL Bank launched a credit action devoted to "the Day of the Police".
The bank said that under the terms of the action, which will last for one month from July 2, 2013 to August 2, 2013, employees of the Police will be able to get a consumer loan for any purpose on favorable terms, presenting a business card.
The maximum loan amount is 7,000 AZN, with a maximum loan term of 24 months.
The minimum nominal interest rate is 24% per annum and the bank commission is 3%.
The actual interest rate is from 27.25% per annum. - 15D -
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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