Authorized banks of Azerbaijan Mortgage Fund (AMF) under the Central Bank of Azerbaijan, issued in January-July 2012 loans of 39.8 million manat, which is 20.7% less than in January-July 2011.
According to the Central Bank of Azerbaijan, the average lending rate increased 0.17 percentage points to 7.08%. The average for the monthly payment increased 4.2% to 314.1 manat.
The average credit period reached 277 months and the average for the amount of loans fell by 1.2% to 38.9 thousand manat. - 15B -
Economics
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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The Asian Development Bank (ADB) has introduced its Framework Partnership Program for 2025–2029 during a high-level meeting with the Central Bank of Azerbaijan (CBA). The meeting, which was attended by CBA First Deputy Chairman Aliyar Mammadyarov and ADB Country Director for Azerbaijan Sunni Duranni-Jamal, highlighted strategic initiatives aimed at fostering economic transformation and sustainable growth.
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On January 16, the President of Azerbaijan has approved a sweeping Digital Development Concept, setting the stage for a national transformation in governance, economy, and society through the integration of advanced technologies such as artificial intelligence, blockchain, and 5G networks.
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