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One of the capital"s branches of Zaminbank moved to a new office
JSC "Zaminbank" according to the strategy of developing a network of customer service has moved the "Khazar" branch to a new address. The branch is located at Baku. S. Asgarova Street 159, on the basis of the Constitution and the banking license of the following kinds of banking transactions with individuals and entities:
Attracting-term deposits and demand deposits (savings) and other return of funds;
-Delivery (target and non-target) loans, consumer and mortgage loans, as well as other types of loans;
-Opening and maintaining accounts of individuals and legal entities;
, Cash management services, services for the transfer of money, securities and payment of funds;
-Settlement systems (as well as the issue of credit and debit cards);
, Performance guarantees, as well as the issuance of guarantees and letters of credit on your own or a client account;
-Providing information on the provision of services for loans and credit checks;
Branch conducts operations to transfer funds of individuals without opening an account on Systems "Caspian Money Transfer", "Western Union", "Contact" and "Inter Express". A branch receives payments on utilities (gas, electricity, water) and mobile operators (Azercell, Bakcell, Nar Mobile). - 15D -
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- Economics
- 15 April 2013 15:54
Economics
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The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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