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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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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