BAKU/06.09.13/TURAN : Authorized banks of the Azerbaijan Mortgage Fund (AMF ) under the Central Bank of Azerbaijan issued within 7 months of this year, loans to 73.3 million manat, which is 33.5 million or 84.2 % more than in January - July 2012 .
According to the Central Bank of Azerbaijan , the average lending rate from the beginning of the year decreased by 0.64 percentage points, and in July rose by 0.06 % to 6.36 %. The average credit period reached a historic high of 287 months.
Average of monthly payments in January and July decreased by 4.9 % to 301.5 manat, and the same indicator for the amount of loans increased by 9.9% to 42,567 manat.
AMF agents are 28 local banks. Mortgage loans are issued to citizens of Azerbaijan in the amount of up to 50,000 manat for up to 25 years at a rate no higher than 8%. Concession loans are granted at a rate of up to 50,000 manat for up to 30 years at a rate of 4% per annum. - 15V -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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