From the beginning of the year, for whatever reasons, 16.5% of debit payment cards were withdrawn from circulation – by November 1, their number was 663 000. The reduction also affected the credit cards (minus 14.5%) - to 1 114 000.
According to the Central Bank of Azerbaijan (CBA), in January-October, the number of social security cards for the payment of pensions and benefits declined slightly (-0.05%) to 2 425 000. Then an increase in the number of salary cards was registered (+2.7%) - up to 1 483 000.
Recall, the total number of payment cards by November 1 was 5 685 000 (minus 280 000 or 4.7% to 1 January). --17D-
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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