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 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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