Number of outstanding active cards of Azerbaijani banks increased in August 2012 by 34 thousand units, reaching 4,842 thousand units. Annual growth of 8.9%.
In January-August cardholders carried 36,590 thousand operations for a total of 5602 million manat. With the growth of the total number of payments by 9.5% and their volume by 20.8% compared to the same period in 2011, the number of credit card transactions increased by 42.2% to 2.507 million, while their turnover - 36.7% to 667 million manat.
The main part of card transactions in the period of the year still fell on ATMs - 31,492 thousand transactions in the amount of 4,874 mln manats. Of these, 98.6% for operations connected with the withdrawal of cash.
Service cards are produced through 2,214 ATMs and 36,514 POS-terminals. For the first half of the year, the number increased 8.6% and for the second - 3.1 times.
As of September 1, 2012 in Baku were established 1,239 and 33,340 ATMs and POS-terminals. In objects service operate 34,972 POS-terminals, including in Baku - 32,455 POS-terminals. - 15B -
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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