Last year's devaluation causedlocal commercial financial and credit structures almost by four times more to apply for a loan to the Central Bank of Azerbaijan.According to the chief regulator of financial flows, as of January 1, their obligations to him were at the level of 5 billion 410.2 millionmanat ( by 3.6 times more on 1 January last year, when the figure was 1 billion 482, 3 million AZN. Most appeals were in October (962.9 million) and September (908.2 million.) They are followed by the activity of financial support for the CBAin August (556.9 million) and December (508.8 millionAZN). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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