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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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