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 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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