Number of mortgages secured by real estate rose by 39.5%

In a significant uptick, the Baku metro reported transporting 20.51 million passengers in April this year, marking a 7.6% increase from the same period last year. During the 20 working days of the month, over 15.69 million passengers utilized the service, averaging 784,573 daily riders, with the busiest day seeing 810,689 commuters.

In a recent development, the Central Bank of Azerbaijan (CBA) convened a pivotal meeting with leaders from local banks to discuss the emerging trends in the financial sector. This meeting, crucially timed to assess the first quarter of the year, was disclosed by Taleh Kazimov, Chairman of the CBA, on the social platform "X". The discussions, which included a review of the first quarter's performance, also covered macroeconomic factors and interbank market trends. This is the end of Kazimov's information.

The vibrant heritage of Azerbaijani carpet weaving was celebrated at the inaugural National Azerbaijani Carpet Festival, held in the historic heart of Icherisheher. The event, which took place on May 4-5, was a collaborative effort between the Management of the State Historical and Architectural Reserve "Icherisheher", JSC "Azerkhalcha", and received significant backing from the Ministry of Economy of Azerbaijan and the Agency for Export and Investment Promotion (AZPROMO).

Azerbaijan's President has ratified a significant economic cooperation agreement with Albania, paving the way for expanded trade and investment between the two nations. The "Agreement on Economic Cooperation between the Government of the Republic of Azerbaijan and the Council of Ministers of the Republic of Albania," initially signed on March 1, 2024, in Baku, encompasses various sectors including energy, transport, and tourism.