Total assets of non-bank credit organizations (NBCO) by July 1, were 579,310,000 AZN (+ 6.86% against the beginning of the year).
According to the Central Bank of the Republic of Azerbaijan with reference to NBCO, most of the accounts are on the assets of credit institutions, financed by international humanitarian organizations - 495 800 000 AZN (+ 8.4%), with a total authorized capital of 45,330,000 AZN (+ 6.6%).
Assets of credit unions are 56,180,000 AZN, the total share capital - 21,820,000 AZN. In the first half of 2014 the number of branches of such organizations increased to 194.
According to the Central Bank of the Republic of Azerbaijan, the total registered capital of micro-finance organizations to start the second quarter was at 79.68 million AZN (minus 3.7%), with 206 branches created (+ 6.2%). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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