In August of this year to the Central Credit Register (STSKR - local abbr.) was 196,204 queries, which is 3.7 % less than the previous month. Of the total number of applications only 0.23 % was done by individuals, who in turn fell in the reporting month by 13.2 %.
According to the Central Bank, for eight months in 2013 STSKR was made 1,388,259 requests. In comparison with January-August 2012 the figure rose to 832,300 units or 2.5 times. During the same period, individuals have made ??3318 requests or 0.24 % of the total.
On 1 September 2013 the total number of borrowers reached 1.808 million persons, of whom 1.782 million were individuals.
At the balance sheet date was equal to the number of sureties 665 000 persons. The total number of credit data has exceeded 5.66 million
Service Central Credit Register was established in 2005 under the Central Bank of Azerbaijan. It collects data on all loans of natural and legal persons, regardless of their amount. The right to use the data belongs to banks and non-bank credit organizations (NBCO), as well as those to which the data are collected. Banks and NBCOs receive data in real time in electronic form, and the borrower within three days on the basis of free inquiry. In other cases, the fee for a single query is 1 manat . - 15B-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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