Total cash receipts to banks in January -July 2013 amounted to 21,633 million manat, which is 23 % more compared to the same period last year. The largest share of the income provided the sale of foreign currency - 30.6 %. The share of sales of goods was 18.2% of the income, on loans - 8.6% of the income, on deposit accounts - 5.3% , revenues from ATMs - 4.9 % , revenues from services and work - 4.4% , revenues of notary accounts when buying property - 4.3 %, etc.
According to the Azerbaijani Central Bank, the shortage of cash turnover amounted to 152 million manat (in June there was recorded a surplus). Thus, the cost of cash flow for the period amounted to 21,785 billion manats. This is 18.2 % more than in 2012. The total expenditure accounted for 28.5% of the cost of purchasing goods and services , 25.1 % - costs associated with ATM cash collateral , 10.9 % - the cost of buying foreign currency , 7.6 % - mortgage payments , 5.6 % - spending on notary accounts for property transactions , 3.5% - payments from deposit accounts, etc.
Cash balance in the first seven months of the year amounted to 336 million manat, which corresponds to 1.6% of cash receipts during that time.
The average of the daily cash receipts amounted to 102,044 manat, expenses - 102,761 manat. -15B -
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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