The number of outstanding active cards of Azerbaijani banks increased in July 2013 to 74,000, reaching 5375. The annual growth was 11.8 %.
In January -July cardholders carried 37.139 million transactions totaling 5645 million manat. With the growth of the total number of transactions by 15.5 % in volume and by 15.6 % compared to the same period in 2012 , the number of credit card transactions increased by 2.3-fold to 4.816 million , while their turnover - 59.5 % to 895 million manat.
The main part of card transactions in the period of the year still fell on ATMs - 29,385,000 transactions amounting to 4721 million manat. Of these, 98.7 % for operations related to the withdrawal of cash.
Service of the cards was produced by 2,368 ATMs and 36,388 POS- terminals. During the year the number of first increased by 7.9 %, while the second number decreased by 0.4 %.
As of August 1, 2013 in Baku there were installed 1,336 ATMs and 32,470 POS- terminals. In objects of service operates 35 003 POS- terminals, including in Baku - 31 658 POS- terminals. - 15V -
Economics
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Eel Electric LLC, a resident of the Agdam Industrial Park, has completed 85 percent of the construction of its power distribution equipment and power sockets plant, the Ministry of Economy announced on Monday.
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The State Tax Service (STS) of Azerbaijan has issued an urgent warning to citizens regarding a surge in fraudulent activities exploiting the name of the country's VAT refund project. According to the STS, cybercriminals have been creating counterfeit websites and online pages that closely mimic the official internet resources of the State Tax Service, luring unsuspecting citizens with promises of VAT refunds.
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On July 30, a meeting of the Working Group on "Inflation and Price Monitoring" was held under the chairmanship of the Head of the Cabinet of Ministers, Rufat Mammadov, to discuss price changes in Azerbaijan's consumer market and the government's anti-inflationary measures this year.
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Azerbaijan's foreign trade balance showed a positive surplus of $4 billion in the first half of 2024, according to data from the Central Bank of Azerbaijan (CBA) on the parameters of the interest rate corridor.
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