Central Bank of Azerbaijan in the January-March issue of money realized it in the amount of 356.7 million (2.06 times more than by 1 April of last year).
According to the CBA, the total cash receipts to the banks during this period amounted to 9,246,597,000 manat (8.58 %). The largest share of the operations of the banks with individuals and legal entities was 5,691,754,000 manat, revenues from legal entities amounted to 2,081,696,000 manat (+31.96 %), individuals - 767.351 million manat (growth of 19.11 %), and a small share of the proceeds comes under < other items >.
Total cash flow through the banks amounted to 8,689,354,000 manats (+5.62 %). In this segment, the lead bank charges on transactions with legal entities and individuals - 3,733,250,000 million (+ 8.98 %) followed by operations through ATMs - 2,643,220,000 manats (+18.25 %).
By a tenth (minus 10.36 %) - to 2,068,066,000 manat reduced payments by legal entities and natural persons - entrepreneurs. - 17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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