The gap of Baku residents in the banking portfolio deposits is growing. According to the report of the Central Bank of Azerbaijan, on January 1, this figure was at the level of 8 billion 867 million228.700 manat (+ 33.4% YoY).This means that the share capital of investors reached 93.6% of total bank deposits, with 86.4% of their foreign currency deposits accounted for the equivalent of 7 billion657 million 392.400 manat at an average annual rate of 7.4 % (in foreign currency - 7.6% in manats - 6.5% per annum.)
In the regions, the population invested in banks around 606 million. 707.1thous. Manat (+ 12.2% YoY). The most activeare residents of the Absheron economic region (equivalent to 198 million 516.400 manat at the rate of an average of 8.2% per annum).The Ganja-Gazakh economic region hasin the banks the equivalent of 145 million 762.800 manat at the rate of 7.8% ; in Aran economic region - 85 million 418.400manat at a rate of 6.3% per annum. In other areas theactivity of investors is lower. --17D-
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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