The State Social Protection Fund (SSPF) concluded with JSC Capital Bank a service contract on the payment of pensions through ATMs on a three-year term.
According to the State Procurement Agency, the organization of pension payments will cost the SSPF 3,010,500 manat. The last time the tender for the supply of these services was held in 2012. Then the tender was held in various towns and districts, and the amount of the contract was 3,830,800 manat. This year, JSC Capital Bank valued its services by 21.5% lower.
JSC Capital Bank serves seniors in 17 cities and districts (Neftchala, Saatli, Salyan, Tovuz, Yevlakh, Lankaran, Khachmaz, Absheron, Agdjabedi, Astara, Bilasuvar, Beylagan, Jalilabad, Guba, Imishli, Goranboy and Masalli). The bank has 482 ATMs. --08D—
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review