As of October 1, the services of the Central Credit Register (CCR) at the Central Bank of Azerbaijan were used by customers on 2,304,678 requests. For comparison, in the whole of last year only 0.1% more calls were registered.
According to the information on the website of CBA, the majority of them (2 257 179) were from banks and non-banks, and only a tiny fraction - from other customers.
By October 1, the register contained information on 8,392,726 credit backgrounds against 6,523,015 credit backgrounds at the top of the year. In addition, the registry database has information about 1,059,610 guarantors against 836,516 by January 1 of this year. --17D-
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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