Market urgent remittances increased in January-October by 28.3 %
BAKU/20.12.13/TURAN : Turnover of urgent money transfers in Azerbaijan's banking system was in January- October 2013, equivalent to 1,858.4 million ($ 2.4 billion ) . Compared with the corresponding period last year is more on 410.4 million or 28.3% . The volume of income is 2.2 times higher than the sum of shipments, which in turn increased by 27 % compared with the same period last year .
In October, turnover amounted to 242.8 million translation manat , an increase compared with last October by 36.4 %.
According to the Azerbaijani Central Bank , the average amount being sent increased from AZN 582.3 in January to 916.7 manat in October and received - from 574.8 to 658.1 manat manat. The number of sent transactions grew from 66,000 to 94,800 , and received - from 156,300 to 236,900 .
The total number of recorded remittances during the period equal to 2882 thousand , including those received - 2093.2 thousand. - 15B -
Economics
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
-
Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
Leave a review