Turnover of urgent money transfers in Azerbaijan's banking system was in January- September 2013, equivalent to AZN 1,615.6 million ($ 2.1 billion). Compared with the corresponding period last year it was 345.4 million or 27.2% more. The volume of income was 2.3 times higher than the sum of shipments, which in turn increased by 20.8 % compared with the same period last year .
In September, turnover amounted to 215.4 million translation manat , an increase compared with last September by 33.1 %.
According to the Azerbaijani Central Bank, the average amount sent increased from AZN 582.3 in January to 837.9 manat in September and received - from 574.8 to 622 manat. The number of sent transactions grew from 66,000 to 83,300 and the number of those received - from 156,300 to 234,100.
The total number of recorded remittances during the period was equal to 2,558 thousand, including those received - 1,856.3 thousand. - 15B -
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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