JSC Bank of Baku launches a new campaign for owners of cashing Bolkart.
As reported in the bank, in the period from November 28 to December 10 Bolkart owners that have made a purchase in the shops Ideal for at least 150 manats or more before December 15 can cash their card. Holders of Bolkart may pay their debts interest free until January 10. Commission for cash is 2.5%.
Bolkart is a free credit card that allows you to buy food in many local stores. Goods purchased through the card can be paid in stages over many months. Cards can be ordered both online - http://www.bolkart.az, or by visiting any branch.
To date, customers can shop at over 350 stores and shopping centers. Credit cards can be used in Bolkart perfume store, for computers and consumer electronics, mobile communications, furniture, as well as restaurants and supermarkets. More than 38,000 people are already taking advantage of Bolkart. -15D-
Economics
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Azerbaijan's Consumer Price Index (CPI) in December 2024 marked a year-on-year increase of 4.9%, with food and beverage inflation leading the surge, according to data from the State Statistics Committee. The overall CPI stood at 104.9%, driven by a 5.5% rise in food products, beverages, and tobacco, 2.4% in non-food products, and a sharp 6.3% hike in paid services provided to the population.
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In 2024, Azerbaijan produced 29.1 million tonnes of oil together with condensate, down from 30.2 million tonnes in 2023, according to preliminary information published by the country’s Ministry of Energy.
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Azerbaijan’s inflation rate in 2024 remained relatively stable, averaging 2.2% for the year, according to data from the State Statistics Committee. While this marks a period of subdued price growth compared to global trends, the numbers reveal nuanced dynamics across sectors and reflect both domestic policy measures and external influences.
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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