Association of Leasing Companies of Azerbaijan (ALCA) continues to expand its own ranks.
According to the association, its members are new leasing company Ansar Leasing, Turan Leasing and Nikoil Leasing, with the first two companies to become full members. Nikoil Leasing joined the Association as a member of the supervisory.
ALCA was established in 2005 as part of the International Finance Corporation project "The development of leasing in Azerbaijan." Its members are also AG Leasing, AtaLeasing, Demir Bank, Joint Leasing, UniLeasing, Standard Leasing, Qafqaz Leasing, and ASB Bank. - 15D -
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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