Credit organizations of Azerbaijan met 2,826,000 money orders totaling $ 9,900 mln in July 2012. The amount of payments decreased 950,000 and their total turnover decreased compared to the previous month at 267 million manat.
Compared with the corresponding period last year, the number of payments in January-July increased by 5,524,000 58% to 15,035,000, and their volume increased by 11,557 million or 21.5% to 65,281 mln.
In the structure of payment transactions in January-July, the share of large and urgent payments was 1.7% (263 thousand) of the total number and 91.4% (59,685 mln) of the total value. The average size of this category of payments decreased as compared to July 2011 by 18.7% to 192,500 manat, and small and medium size retail payments - by 24.1% to 375.5 manat.
As of August 1, 2012 payment system users were 54 organizations, 50 of which could make large and urgent payments. - 15B -
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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