Credit organizations of Azerbaijan met in July 2013 2,524,000 payment orders totaling 11,854 mln. By increasing the number of payments by 645 thousand (34.3 % ), their total turnover increased compared to the previous month by 2,263 million manat.
Compared with the corresponding period last year, the number of payments in January and July increased by 544 thousand or 3.6% to 15,579,000 , and their volume increased by 8201 million or 12.6 % to 73,482 million manat.
In the structure of payment transactions in January- July, the proportion of large and urgent payments had 1.8% ( 287,000 ) of the total and 88.8 % ( 65,254 million manat) of the total. The average size of this category of payments has increased as compared to July 2012 by 10.9 %, amounting to 213,400 manat, and small and medium size retail payments increased by 50.3 % to 564.4 manat.
As of August 1, 2013 payment system users were 43 organizations , 41 of which could make large and urgent payments . - 15B -
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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