Financial services provided by 1,016 post offices of LLC Azerpoct
Baku/24.10.13/TURAN : In Azerbaijan 1,016 post offices of LLC Azerpoct provide financial services.
According to official data referring to the head office of the Ministry of Communications and Information Technology Vidadi Zeynalov for the 9 months of this year, the resolution of the Central Bank of Azerbaijan for the provision of financial services have 8 offices . In addition , the national postal operator has issued 13.4 thousand cards "Maestro" and "MasterCard", a service network includes 105 Azerpoct pos-terminals and 15 ATMs.
Limited Liability Company "Azerpoct" works with 155 countries of the world for search of parcels through the search engine "Cricket" of the Universal Postal Union ( UPU) . In addition, the Company completed the process of connecting "Azerpoct" to the UPU Global Monitoring System .
Recall that the first post office opened in Azerbaijan in 1818 in the city of Ganja . Production Association "Azerpoct" founded September 29, 1999 .
In April 2010 , the Central Bank of Azerbaijan gave him a limited license (without the right finance) on the provision of banking and financial services.
Today, it brings together 74 branches, 144 postal agencies , and 1,513 post offices . - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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