JSC VTB Bank (Azerbaijan ) has launched a new product - a credit card is "Exclusive " at the Visa Gold.
Credit card is designed for large retail customers , the business owners with a limit of up to 10,000 manat . Card validity period is of 24 months.
Credit card allows "exclusive" to the owners: Make cashless payments for goods and services and withdraw cash
JSC VTB Bank (Azerbaijan) is a subsidiary of VTB Bank . The share capital of JSC VTB Bank ( Azerbaijan) is shared between the two major shareholders : VTB Bank ( 51%) and JSC "AtaHolding" ( 49%). JSC VTB Bank (Azerbaijan) provides services to corporate businesses , small businesses and private clients. The bank is now represented by 4 branches and 1 branch located in the head office . -15D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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