As of March 1, Azerbaijan had 2,622 ATMs. Of these, 1,477 (56.3%) are located in the capital, while the remaining 1,145 are in the regions, according to the Central Bank of Azerbaijan. ATMs are a means of lump-sum cash withdrawal, as most of their users are pensioners and public sector workers, who do not have the possibility of accumulation.
Number of pos-terminals installed at trade and services amounted to 77,041 units (+ 5.5% YTD). Most of them (50,387) are located in Baku, and other 26,654 - at the periphery. At the same time more substantial growth is observed in areas (+ 16%). 75,816 or 98.4% of all pos-terminals have been installed in retail facilities. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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