Relying on the Ministry of Finance, the State Statistics Committee calculated that by April 1, the revenue part of Azerbaijan's state budget amounted to 3 billion 678.1 million manats and the expenditures were at the level of 2 billion 623.5 million manats (surplus was at the level of 1 billion 54.6 million manats or 8.4% of GDP).
The loan portfolio of the local banks and non-banking organizations by April 1 was equivalent to 20 billion 327.4 million manats (minus 1.8% to April 1 last year), of which 15 billion 565.9 million was long-term loans taken mainly for the purpose of business. The level of non-performing loans was 6.5% of the total portfolio.
Bank deposits reported by the SSC with reference to the Central Bank were at the level of 8 billion 77.3 million in the manat equivalent. --17D-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review