In January-September, the turnover of the national system of large payments (AZIPS) totaled 76 734 million manat (minus 9% against 1 October of the previous year).
According to the Central Bank, within the scope 367,000 (+ 0.5%) operations were carried out, while the average size of a large payment was at 214,200 manat (minus 10%).
Turnover of small payments (XOHKS) for the same period on 20,804,000 operations totaled 10 890 million AZN. Here there is growth – the turnover increased by 2.5% and the number of operations – by 7%. The average size of small payments in January-September amounted to 523.3 manat (minus 4.6%). --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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