In January-June, the total number of non-bank credit organizations (NBCO) operating in Azerbaijan increased by 6 t* 139.
According t* the Central Bank, during the reported period, the number of branches of these institutions has increased by 16 or 14% t* 130. Most of all branches (32) are located in the Aran economic region.
In the descending order of density of branches Aran is followed by the Absheron economic region - 29 (seven more branches in relation t* the beginning of the year), Ganja-Gazakh economic region - 24 (+3), Lankaran economic region - 10 (+3), Sheki-Zagatala economic region - 12 (+2), Upper Karabakh economic region - 9 (4), Guba-Khachmaz economic region - 6 (-2), Shirvan economic region - 5 (0), Nakhchivan economic region - 2 ( 0). There are n* units in the Kalbadjar-Lachin economic region.
Compared with the beginning of the year the number of organizations funded by international humanitarian organizations has increased by one t* 28. They accounted for 90 percent of the existing branches.
During the reported period, six new licenses acquired credit union, and their number reached 108's. During the same period, the resolution was withdrawn tw* credit unions. - 15B-
Economics
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Azerbaijan Airlines (AZAL) has signed a leasing agreement with AerCap, the world’s largest aircraft leasing company, for six new Airbus aircraft as part of its fleet modernization plan. The deal includes the lease of three A321neo and three A320neo models, scheduled for delivery starting in spring 2026, with completion by the end of the same year, the airline said in a statement.
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A group of residents in Baku have appealed to Azerbaijani President Ilham Aliyev, accusing the construction firm Qlobal SF MMC of deceiving 150 families in a housing dispute that has spanned over a decade.
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Azerbaijan’s Ministry of Energy announced significant strides in deploying green energy projects within recently liberated territories, aiming to establish a comprehensive green energy zone in the regions of Karabakh and Eastern Zangezur.
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For over two months now, the "BakıKart" mobile application has been experiencing persistent problems. While there have been no issues with card payments on the Baku Metro and most buses, the same cannot be said for its mobile app. Many users report that the app either does not open at all, asks for a password and then crashes after entry, or opens but fails to display the account balance.
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