The portfolio of commercial banks in Azerbaijan lending real estate transactions (including mortgage loans) on May 1, 2014 was 964.9 million (8.3% to the beginning of the year, i.e. 890.8 million).
Compared with March, banks lending portfolio of real estate operations increased by 6.5% - the report says the CBA.
In general, lending transactions with the construction and purchase of real estate accounts for 5.9% of the total loan portfolio of banks, whereas the results of 2013 the figure was 5.8%.
As previously reported, in 2013, the portfolio of commercial banks in Azerbaijan lending real estate transactions increased 26.6%. - 17D-
Economics
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Azerbaijan's President Ilham Aliyev has issued a decree making significant amendments to existing presidential decrees to align with the new law on payment services and payment systems, effective from July 14, 2023.
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Azerbaijani President Ilham Aliyev has approved new regulations governing tourism and recreation zones as part of a broader effort to enhance the sector's infrastructure and investment framework.
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Azerbaijan has initiated the measurement of offshore wind energy potential as part of its strategy for offshore wind energy development. This effort, detailed in the "Strategy for Socio-Economic Development of the Republic of Azerbaijan for 2022-2026," is advancing with preliminary measurements nearing completion in designated areas.
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Shusha has introduced its inaugural passenger bus for intra-city transportation, marking a step toward a greener urban transport system. The electric bus aligns with the city’s eco-friendly vision, according to local journalist Kerim Kerimli.
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