JSC International Bank of Azerbaijan has closed credit debts of the servicemen who became martyrs as a result of operations to prevent provocations by the Armenian armed forces in early April.
According to the information on the bank's website, inspection and closing of the debts were based on personal references from the martyrs' families, according to its affiliates.
The staff of IBA brought condolences to the families of martyrs who died in the struggle for independence and territorial integrity of Azerbaijan and wished the wounded a speedy recovery and return to the service of the motherland.
OJSC International Bank of Azerbaijan with a capital of 1 billion 141.3 million AZN has operated under the license of the Central Bank of Azerbaijan since 1992. Its main shareholder (51.07%) is the Government of Azerbaijan, represented by the Ministry of Finance, and the remaining 48.93% is owned by numerous minority shareholders.-- 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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