BAKU / 19.09.16 / TURAN: The State Statistics Committee with reference to the Central Bank of Azerbaijan reports that by August 1 the loan portfolio of banks and non-bank credit organizations amounted to 16 billion 713.3 million manats (minus 17.2% to the end of 8 months last year). Of these, 9%, or 1 billion 504.2 million refers to overdue and "hanging" loans.
Most (13 billion 156.1 million) of the aggregate portfolio refers to long-term loans.
The population's deposits in the country's banks in January-July were at a level of 7 billion 843.8 million AZN. The information does not specify the specific weight of the dollar, but the last year and a half, this figure has not fallen below 80%. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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