Total assets of non-bank credit organizations (NBCO) increased in January -September 2013 by 88.1 million or 21.9 % reaching 489.59 million manat. The growth of this index for the 12 months amounted to 111.45 million or 29.5%. The share of organizations financed by international humanitarian organizations was 83.3 % of the total value or 407.68 million manat.
According to the Central Bank, the authorized capital of the 146 non-bank credit institutions operating by October 1 reached 72.31 million manat, increasing during the first nine months of 2013 by 18.3 % and in the last year - by 22.4 %.
The number of branches ob NBCO operating in the country has increased at 16 to 140 this year. Compared with the end of 2012 the number of organizations funded by international humanitarian organizations has increased by 6, reaching 34. They accounted for 91.4 percent of existing branches. -15D-
Economics
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On Monday, November 18, as part of the COP29 events, Baku hosted a presentation of the Roadmap for the 'Energy Efficiency Strategy in Azerbaijan.'
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Azerbaijan produced 24.1 million tonnes of crude oil (including condensate) in the first ten months of 2024, a decline driven by reduced output at key offshore fields, according to data from the Ministry of Energy.
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Azerbaijan is preparing to unveil its Biennial Transparency Report (BTR) this week, highlighting its commitment to climate action. Environment and Natural Resources Minister Mukhtar Babayev, who also serves as the President of COP29, emphasized the importance of clear plans to meet the 1.5-degree target through enhanced Nationally Determined Contributions (NDCs), National Adaptation Plans (NAPs), and the BTR.
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Azerbaijan and Germany conducted a high-level business dialogue focused on "Green Transformation" during the COP29 climate summit, organized by the Azerbaijan Export and Investment Promotion Agency (AZPROMO) and the Eastern Business Association of Germany. The event brought together around 40 representatives from both countries, including companies specializing in renewable energy, food production and packaging, ICT and technology services, water management solutions, automotive industry technologies, and other sectors.
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