Number of regional ATM by April 1, stepped over a thousand - the inhabitants of the country now use the services of 1,007 thousand terminals. This is slightly less than the number of ATMs in Baku - the capital is set one thousand 288 units of this equipment, - the Central Bank of Azerbaijan (CBA).
In total, according to the Central Bank, established 2295 ATMs (+1.5% compared with the same period last year).
Increase in the number of pos-terminals at trade and services. However, this balance is disturbed in favor of the capital, where 89.94% of the resources used (33 517 thousand) non-cash payment. In areas less demand because pos-terminals (3 749 thousand) in the popular tourist centers and major cities. It is noteworthy that in Baku there was marked decline and the areas - growth in the installation of this kind of technology. - 17D-
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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