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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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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