The Case of the Metropolitan branch of JSC Royalbank directed to the Baku Court of Grave Crimes.
As stated in the General Directorate for Combating Corruption under the Prosecutor General of AR, the investigation implicated the head of Capital Anar Gashimov, accountant and cashier Khatira Aghayeva and Ilgar Ismayilov to financial abuse.
Thus, at various times they have been issued loans amounting to 71 thousand manats, $ 124.44 million and 180 thousand euros in the name of LLC Poliqrafist. On account of the same company, allegedly in order to acquire the equipment listed 1 million 668 thousand 682 manat, on account of LLC Royal Construction Technologies and Development - 100 thousand manats. In addition, the branch is taken from the cash register 64 939 manats.
As a result, all the funds (a total of 2 million 228 thousand 612 manats) did not get to the destination and were assigned to the said employees in respect of which a criminal case under articles 179.3.2 (embezzlement or misappropriation) and 308.2 (abuse of power) of the Criminal Code of AR.
Gashimov and Ismaiylov were arrested and in relation of Aghayeva a measure of restraint was selected. During the investigation, the bank repossessed 1 million 771 thousand 331 manats. - 17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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