Turnover of money transfers in the banking system of Azerbaijan made in January-August 2012 the equivalent of 1,108.2 million ($ 1.4 billion). Compared with the corresponding period last year, it's 203.8 million or 22.5% more. The revenue doubled the amount of shipments, which in turn increased by 50% compared to the same period last year.
In August, turnover transfers made 168.2 million manat, up from last year August by 31%.
According to the Central Bank of Azerbaijan, the average amount sent increased from AZN 877.3 in January to 930.2 manat in July and received - from 594.7 to 615.4 manat. The number of sent transactions grew from 44,000 to 44,300, and received - from 113,000 to 206,300.
The total number of recorded remittances in the period was equal to 1,668.7 thousand, including those received - 1,268 thousand. - 15B -
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Rəy yaz