BAKU/25.12.13/TURAN : DemirBank offers 4 % discount on the annual interest rate for customers who were born in the year of the horse (1954 , 1966 , 1978 and 1990 ) . The campaign will last until February 1, 2014.
The campaign also provided a 2% discount on the annual interest rate for other clients. Customer may use the discount once. It should be noted that the action applies to all consumer loans other than mortgage and car loans .
DemirBank offers companies and different types of loans - loans for micro and small businesses , mortgages, car loans , loans for employees of education and medicine , for government workers and civil servants , loans for the purchase of furniture and appliances , renovation loans and other consumer loans .
DemirBank, is the first commercial bank in the country , began operations in 1989 . Among its shareholders are major international financial institutions such as the European Bank for Reconstruction and Development and the Netherlands Development Finance Company (FMO). DemirBank ranks from Fitch Ratings at "B " with "stable" forecast and Planet Rating rating at "B " with "positive" forecast . These ratings are among the highest in the banking sector of Azerbaijan. -15D -
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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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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