Total cash receipts to banks in January-June 2013 amounted to 18.164 billion manat, which is 23.4% more compared to the same period last year. The largest share of the parish provided the sale of foreign currency - 31.8%. The share of sales of goods had 17.3% of income on loans - 8.7% of income on deposit accounts - 5.3%, revenues from ATMs - 4.9%, revenues from services and work - 4.5%, revenue of notary account when buying property - 4.4%, etc.
According to the Azerbaijani Central Bank, the surplus cash turnover was 61 million manat (-125 million manat in June). Thus, the cost of cash flow for the period amounted to 18.103 billion manat. This is 18.2% more than in 2012. Of the total expenditure accounted for 28.1% of the cost of purchasing goods and services, 25.3% - costs associated with ATM cash collateral, 11.3% - the cost of buying foreign currency, 7.5% - mortgage payments, 5.7 % - spending a notary accounts for property transactions, 3.7% - payments from deposit accounts, etc.
Cash balance for the first six months of the year amounted to 389 million manat, which corresponds to 2.1% of cash receipts during that time.
The average of the daily cash receipts amounted to 10,358 manat, expenses - 100,021 manat. - 15B -
Economics
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Food prices in Azerbaijan’s capital, Baku, increased by 5% during the first nine months of 2024, highlighting rising inflationary pressures in the domestic market, the Turan agency reported.
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Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.
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Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.
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The Azerbaijan Trade Forum, held on October 7, underscored the vital role of small and medium-sized enterprises (SMEs) in enhancing the country’s non-oil exports. Jointly organized by the Small and Medium Business Development Agency (SMBDA) and the Association of Customs and Logistics Companies of Azerbaijan, and supported by Pasha Holding, the event brought together stakeholders from various sectors, including import-export, logistics, production, and customs representation.
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