The number of licensed bank branches in the Absheron economic region in the first half of this year increased by 2 units to 379. At the same time, this region retained the status of the region most dosed with banking offices in the country. It accounts for 56.4% of the total number of branches.
According to the Central Bank of Azerbaijan (CBA) during the reported period only three new branches appeared in the 10 economic regions of the country, while in seven areas this figure did not change.
In order of decreasing density of bank branches the Absheron economic region is followed by Aran - 91 (no change to the beginning of the year), Ganja-Gazakh - 69 (3), Lankaran - 38 (0), Guba-Khachmaz - 36 (0), Sheki-Zagatala - 30 (1), Mountain-Shirvan - 14 (0), Nakhchivan - 11 (0), Upper-Karabakh - 4 (0). There are no bank branches in the Kalbadzhar-Lachin economic region.
As of July 1, 2012 the total number of bank branches amounted to 672 units (+6 in H1). - 15V -
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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