The Central Bank of Azerbaijan (CBA) reports that in Azerbaijan by March 1, there were 2,562 existing ATM (minus 4.9% to the beginning of the year). Most of them (1,424) were installed in Baku, and the rest 1,138 - in areas of the country.
During the First European Games significant increase in the number of POS terminals was recorded in June of last year (+ 6.9%), but now the total number is 77,250 (minus 3.8% to the beginning of the year) in all trading facilities and services. In Baku, there are 44,712 (minus 8.7%) and in the regions there are 32,538 (+ 3.8%). Almost all of them (98.3%) operate in retail trade facilities (75,918). --17D-
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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