By the decision of the Central Bank of Azerbaijan dated December 30, a banking license was granted to Ziraat Bank Azerbaycan.
Thus, in fact 44 banks have licenses.
According to the Ministry of Taxes, a subsidiary of TC Ziraat Bank A.S (Turkey) in Azerbaijan - OJSC Ziraat Bank Azerbaycan passed state registration on December 26. The authorized capital of the bank meets the minimum requirements - 50 million manat. The Chairman of the bank is Avni Demirchi.
The legal address of the bank is 40 Jafar Jabbarly Street, Baku.
Until November 2014 TC Ziraat Bank A.S owned 46% of the shares of the commercial bank AzerTurk Bank. The Turkish side has sold its share to the state represented by the State Committee for Property Affairs of Azerbaijan. 08D
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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