NIKOIL | BANK held a grand opening event for its 9th branch in the capital, located in the Narimanov district, at the address 62A Kadyrbekov Street.
The opening ceremony was attended by the Ambassador Extraordinary and Plenipotentiary of the Russian Federation in the Republic of Azerbaijan Vladimir Dorokhin.
Branch № 9 provides a full range of banking services: operations on deposits, loans and bank cards, different types of money transfers, payment of utilities and service providers, as well as rental of safe deposit boxes.
Also, it should be noted that prior to March 29 NIKOIL | BANK holds a deposit campaign SEMENI, offering the highest insured annual interest rate and the opportunity to participate in an instant 100% of winning the lottery.
Under the terms of shares, each depositor has 12% per annum with the possibility of removal of the monthly interest VISA GOLD plastic card as a gift, and guaranteed a valuable gift to participate in a stimulating instant lottery. The minimum contribution to the campaign SEMENI is 1000 AZN or USD and the deposit period can vary from 1 year to 3 years. - 15D -
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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