In the third quarter of this year, Azerbaijan's public external debt increased by 17.2 million or 0.34%, to 5 billion 5.1 mln. manat ($ 6 billion 380.7 million).
According to the Ministry of Finance, the amount of external borrowing is 8.5% of GDP.
The amount of external debt per capita is $ 529. Over the past four years, the external debt per capita of the population grew by 27%. In October 2010, the figure was $ 415.3.
The structure of external debt by currency is as follows: US dollars - 63.7%, 21.7% Euro, IMF special drawing right - 10.4%. According to the Ministry of Finance, 61.3% of the current external debt was borrowed as repayable within 10-20 years, 31.3% for over 20 years, and the remaining 7.4% - up to 10 years. --08D--
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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