According to the Central Bank of Azerbaijan (CBA), up to December 1, 2014, local banks established 2 586 ATMs (+ 6.8% YTD). Most equipment (1,400 units) was installed in the capital, the remaining 1,126 - in the province.
As for the POS-terminals, in January-November last year the number rose 2.06 times, reaching 68,676 units. Almost all of them (97.9%) or 67,227 units were purchased by retail outlets. More than half of them (47.25) are in Baku and the others are in major cities in the country, which are expected to conduct the first European Games - 2015. --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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