Credit organizations of Azerbaijan met in November 2012 in 2264 one thousand money orders totaling $ 10,408 mln. As the number of payments by 80 000 (3.4%), the total turnover has increased from the previous month to 547 million manat.
Compared with the corresponding period last year, the number of payments in January-November increased 6.354 million or 36.8% to 23,615,000, and their volume increased by 15,106 million or 16.8% to 104,772 million manat.
In the structure of payment transactions in January-November, the share of large and urgent payments was 1.8% (432 thousand) of the total number and 90.5% (94,808 mln) of the total. The average size of this category of payments decreased compared to November 2011 by 5.8% to 201,400 manat, and small and medium size retail payments grew by 20.9% to 515.8 manat.
As of December 1, 2012 payment system users were 54 organizations, 50 of which could make 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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