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-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review