Total credit resources allocated by the credit institutions by July 1 of this year amounted to 13.8 billion manat (+30.1% compared to the same period last year.)
According to the State Statistics Committee, 10.2 billion of that amount are long-term, and 768.7 million or 5.6% are delayed loans.
Bank deposits amounted to the equivalent of 5.9 billion manat, of which 3.6 billion - investments in local, 2.3 billion - in foreign currency.
June's average exchange rate of manat to 1 U.S. dollar was 78 kopecks against the euro - 1.04 manat to 100 Russian rubles - 2.43 AZN. - 17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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