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
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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