In honor of the tenth anniversary NIKOIL | BANK announces the start of the New Year offers for existing customers and new investors.
According to the report of the bank, under the terms of the action every customer that has placed a deposit in the amount of not less than 1,000 AZN from 26 November 2012 to 11 January 2013, or having a deposit, open until the beginning of the action, becomes a party challenging the lottery, which will be held from 15 January 2013. In celebration of the tenth anniversary NIKOIL | BANK will distribute ten (10) IPhone5 for depositors.
Another pleasant surprise is the draw of the Christmas Campaign for 10 IPad3 intended for honest borrowers who have good credit history.
Further information can be obtained by calling 981, or on the bank's websites www.nikoil.az, www.nikoilcard.az. -15D -
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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