All branches of the non-bank credit organization FINCA Azerbaijan started to offer loans to customers by means of plastic cards, the organization said.
According to Turan, the new cards are called Fincard, and this mechanism is considered to be a new innovative credit channel prepaid.
Clients by Fincard withdraw cash from banks and post offices and pay for goods and services via POS terminals.
Providing the new service was made possible through cooperation with Azerpocht and Millikart, the report of FINCA Azerbaijan says. -----71D
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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