Service "Golden Crown" first began to encourage remittances customers Azerbaijani partner banks. According to the report of the operator, depending on the amount of transfer senders get a pen - for transferring 349 manats, flashlight - for transferring from 350 to 999 manat, a T- shirt – for transferring from 1000 manats. The actions takes place in 18 banks from 21 July until the end of bonus fund. Souvenir is awarded in exchange for a signed statement to receive the transfer. Unlimited number of souvenirs (8100 pens, flashlights 2415, 1795 T-shirts.)
Major banks of Azerbaijan (IBA, Access Bank, Ata Bank, Bank of Azerbaijan, Bank of Baku, AGBank, Bank Respublika, Bank Technique, Bank Standart, Demir Bank, Kapital Bank, Mugan Bank, Unibank and Xalq Bank) since the beginning of this year suspended cooperation due to low profitability of operations carried out by the system Golden Crown and inefficiency of cooperation with the company.
Turan previously found that before adoption the decision to cease cooperation with the "Golden Crown" local banks throughout the year unsuccessfully negotiated it its leaders. Azerbaijani representatives insisted on increasing the fees in banks and the lack of incentive shares on the Russian side. A collective breakup of relations could be affected by some political factors. One thing is clear - the action caused damage to the position of Azerbaijan, and this process , likely will continue.
System "Gold Crown" has operated since 2003 and provides services in the territory of Russia and CIS countries. Operations are carried out within a few minutes, the commission varies in the range of 1-1.5% per annum.
Today, agents of the system in Azerbaijan are 18 banks: AFB Bank, Bank VTB, Azerbaycan Kredit Banki, Zaminbank, Ganja Bank, NBCBank, Bank Nikoil, Parabank, Turanbank, Yunited Kredit Banki, Deka Bank, Amrahbank, Azer-Turk Bank, Qafqaz İnkishaf Banki , Expressbank, Bank VTB (Azerbaycan), and the Baku branch of the National Bank of Pakistan. - 17D-
Economics
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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Azerbaijan has temporarily suspended the import of cattle, poultry, and related products from several regions following outbreaks of foot-and-mouth disease and highly pathogenic avian influenza in Europe, the Middle East, and Africa, the country's Food Safety Agency (AQTA) reported.
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