Number of ATMs and POS Terminals Decreases
The Central Bank of Azerbaijan (CBA) reports that in Azerbaijan 1 June, there were 2,573 ATM (minus 4.5% to the beginning of the year). Most of them (1,421) were in Baku, and the rest 1,152 - in areas of the country.
While during the First European Games increase in the number of POS terminals was recorded in June of last year (+ 6.9%), now their total number is 73,945 (minus 7.9% to the beginning of the year) on all trading facilities and services. In Baku they are 42,708 (minus 12.7%), and in the regions - 31,237 (minus 0.5%). Almost all of them (98.2%) operate in the retail trade facilities (72,636). --17D-
Economics
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
Leave a review