In Azerbaijan, every Fourth Citizen Takes Consumer Loans
According to the Central Credit Register Service, in Azerbaijan by January 1 there were 2 million 316 thousand 540 borrowers (+ 18.61% or 363,544 people per year).
According to the report of the Central Bank, most of them (2 million 285 thousand 226) are individuals or more simply, consumers, 10 775 are legal entities and 20 509 are individual businesses. In terms of growth consumer loans are also ahead of "competitors" - the list of private borrowers by the end of the financial cycle added 359 029 individuals. The growing number of borrowers - legal entities for the period totaled 673, and the number of individual businesses - 3 812.
The Central Credit Register Service of CBA has been operating since March 2005. --17D-
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- Politics
- 7 February 2015 13:30
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- Economical review
- 7 February 2015 17:23
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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