Credit organizations of Azerbaijan met in April 2012 1,996,000 payment orders totaling 9,612 million manat. The number of payments increased 33,000, and their total turnover increased compared with the previous month by 449 million manat.
Compared with the corresponding period last year, the number of payments in January-April increased 3,940,000 or 92.6% to 8,194,000, and their volume increased by 6,693 million manat or 23.3% to 35,319 million manat.
In the structure of payments in January-April, the share of large and urgent payments was 3.3% (129,000) of their total number and 91.3% (32,245 manat) of the total value. The average size of payments in this category increased in comparison with April 2011 by 5% to 213,100 manat, and small and medium size retail payments increased 9.3% to 446.5 manat.
As of May 1, 2012 the payment system users were 54 organizations, 50 of which could carry large and urgent payments. - 15B -
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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