As of October 1, registered customers of local banks (excluding deposits of the population) were 246,109 legal entities and individual entrepreneurs (minus 13.3%, or 7,591 entrepreneurs and 36,859 entities to the beginning of the year, when there were 290,559 business accounts).
According to the statements of the Central Bank of Azerbaijan, the largest outflow of accounts of local businessmen took place in January and July, especially for legal entities. According to the report of the World Economic Forum, Azerbaijan occupies a leading position on the ease of starting a business - within the framework of "single window" it can account for 2-3 days, but for a serious structure it is important to track the further fate of these entrepreneurs. As can be seen from the report of the Central Bank, the number of commercial banks' customers becomes smaller, and the reason for that is the tightening of the tax base. --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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