JSC Zaminbank due to the development strategy of retail banking translated the branch Business in Baku to a new address.
As reported in the bank, this branch will continue to serve clients outside of Izmir, 7B (next to the Hyatt Regency Hotel). The division offers a full range of banking services including deposit mobilization, delivery business, consumer and mortgage loans, plastic card, transactions on money transfers, receiving payments for public utilities (gas, electricity, water) and mobile operators (Azercell, Bakcell, Nar Mobile), etc.
Currently, the Bank operates through 38 branches and 17 offices, including 28-metropolitan offices. - 15D -
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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