Local branch of non-bank credit organization "FINCA Azerbaijan" opened in Siyazan region.
According to the press service, this step has been done in the framework of the policy of expanding the network of regional service.
According to recent reports, "FINCA Azerbaijan" has more than 60 branches and offices in the country, providing financial services to more than 135,000 clients.
The organization was founded in 1998 to support small and medium-sized businesses. Today, on this position it is one of the market leaders in the financing small business projects. Credit portfolio of "FINCA Azerbaijan" is about $ 150 million--17D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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