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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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