The Central Bank of Azerbaijan has published a report for the 3rd quarter of the banking system.
According to the site, the total assets of local banks by October 1 were 23 505 800 000 manat (+ 3.12 billion or 15.3% against the beginning of the year).
Credit investments of banks in January-September were at a level of 17 129 500 000 manat (+ 14.3%), and equity - 3 898 800 000 manat (+ 13.8%).
Deposits in the banking system by October 1, were 7 351 900 000 manat (+ 14.9%). Most of the increase (5.1%) occurred in September. --17D-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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