Total cash receipts to banks in January-May 2013 amounted to 15.256 billion manat, which is 26% more compared to the same period last year. The largest share of the income provided the sale of foreign currency - 32.6%. The share of sales of goods was 17.1%, income on loans - 8.7%, income on deposit accounts - 5.3%, revenues from ATMs - 4.8%, revenues for notary account when buying property - 4.5% , receipts for services and work - 4.1%, etc.
According to the Azerbaijani Central Bank, the surplus cash turnover amounted to 186 million manat (-130 million manat in May). Thus, the cost of cash flow for the period amounted to 15,070 million manat. This is 21.1% more than in 2012. Of the total expenditure 27.9% accounted for the cost of purchasing goods and services, 25.4% - costs associated with ATM cash collateral, 11.3% - the cost of buying foreign currency, 7.4% - mortgage payments, 5.8 % - spending a notary accounts for property transactions, 3.6% - payments from deposit accounts, etc.
Cash balances in the first five months of the year amounted to 356 million manat, which corresponds to 2.3% of cash receipts during that time.
The average of the daily cash receipts amounted to 101.030 million manat, and the expenses were 99.807 million manat. - 15B -
Economics
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The State Statistical Committee of Azerbaijan announced amendments to its 2012 decision on labor-related statistical surveys, aiming to improve the data collection framework for employee professions, salaries, and work hours.
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The State Oil Company of Azerbaijan (SOCAR) is preparing to sign a major contract with a Pakistani company in the future, signaling strengthened trade and economic cooperation between the two countries.
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Azerbaijan's Minister of Energy, Parviz Shahbazov, chaired the inaugural meeting of the Coordination Council for implementing the "Action Plan for the Phased Introduction of Electricity Market Elements," approved by the Cabinet of Ministers in May this year.
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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