BAKU/29.01.14/TURAN : Total cash receipts to banks in January-November 2013 amounted to 34.458 billion manat, which is 18.7% more than in the corresponding period last year . Provided the largest share of the parish sale of foreign currency - 29.5% . The share of sales of goods had 19.2% of income on loans - 8.7% , receipts at ATMs - 5% income on deposit accounts - 4.7% , revenues of notarial account when buying property - 4.5%, income from fees and work - 4.2 %, etc.
According to the Azerbaijani Central Bank , the shortage of cash turnover amounted to 579 million (150 million manat in November). Thus, cash expenses for the reporting period amounted to 35.037 billion manat. This is 15.8 % more than in 2012 . Of the total expenditure amounted to 28.2% of the cost of purchasing goods and services , 25.4 % - the costs associated with cash collateral through ATMs, 11% - the cost of buying foreign currency , 7.9% - mortgage payments , 5.6% - notary expenses with accounts on property transactions , 3.1% - payments from deposit accounts , etc.
Cash balance for the first 11 months of the year amounted to 357 million manat, which corresponds to 1 % cash generation during this time.
The average size of the daily cash receipts amounted to 103,479 manats, expenses - AZN 105,217. - 15B -
Economics
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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