Azerbaijan has suspended the issuance of consumer loans for pensioners, on which the Financial Market Control House (FMCH) informed on 21 April.
This is reportedly associated with problem loans – the retired officially belong to the poor. By January 1, about 1.3 million pensioners received the average labor pension of 176.03 AZN and the average old-age pension of 196.08 AZN.
According to Turan’s experts, this is blatant discrimination of the entire social layer, because the banks themselves are to decide to issue a loan to the client or not. Among the retired there are quite solvent people. Moreover, in view of such a ban the opportunity of the elderly, especially single people, to receive credit for the restoration of their health or the solution of urgent domestic problems will be narrowed. --17D-
Economics
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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.
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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.
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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.
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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.
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