The total assets of Azerbaijani banks by August 1 of this year reached $ 23 billion 288,500,000 manat.
According to the information on the website of the Central Bank, it is 14.2% more than at the beginning of the year.
According to the CBA, the credit investments of the banks are 16 billion 537,900,000 manat (+10.3%) and the equity is 3 billion 817 million manat (+11.4%).
By August 1 of this year, the banks in Azerbaijan attracted deposits of the population totaling 6 billion 940 million manat (+8.5% YTD). --17D--
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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