Assets of JSC Bank Respublika as of July 1 of this year amounted to 426.85 million manat. Lending to individuals and businesses in the first half of the year increased by 3% and was equal to 241.45 million manat.
Total liabilities of the bank decreased from 370.18 million to 369.72 million manat. Deposit portfolio for the period increased by 2.7%, reaching 266.16 million manat, including term client investments increased by 12.2 million or 13.7% amounting to 101.34 million manat.
The balance capital is fixed at 51.75 million manat. The total and authorized capital of the bank amounted to 54.34 million and 37.46 million manat.
Revenues were equal to 27.45 million manat and expenditures - AZN 21.34 million, an increase compared to the same period last year by 23.9% and 33.1%. During the first six months of 2013 the bank had a net profit after tax of 4.89 million manat. -15D -
Economics
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The minimum wage in Azerbaijan, currently set at 345 manats, will be increased at the beginning of 2025 to meet the country’s international obligations. This was announced by economist and Member of Parliament Ali Mansimli during an interview with TV channel "24". According to him, the current minimum wage level does not meet the requirements of several international documents, which state that the minimum wage should be at least 60% of the average salary, which is 1000 manats. This means that the minimum wage in Azerbaijan should be 600 manats; however, it currently stands at only 34% of the average salary.
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The Cabinet of Ministers of Azerbaijan approved a series of amendments on September 25, to the laws regulating the circulation of medicinal products, as part of the implementation of the "Law on Amendments to the Law on Medicinal Products of the Republic of Azerbaijan" adopted on July 14, 2023. These amendments aim to align national legislation with international standards and strengthen the regulation of pharmaceutical product circulation in the country.
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The Ministry of Digital Development and Transport of Azerbaijan has approved a new regulation titled "Flight Operations Preparation Rule," aimed at enhancing the safety and efficiency of civil aviation activities. Decision number 3-27/3-7-16/2024 was adopted by the ministry’s collegium on September 12, 2024, in accordance with the law "On Aviation" dated December 22, 2023.
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The Ministry of Digital Development and Transport of the Republic of Azerbaijan approved a comprehensive set of airworthiness regulations aimed at ensuring the safety and reliability of the country’s civil aviation sector.
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