Trump’s Victory Sparks Economic Ripple Effects on the U.S., Russia, and Azerbaijan

Kazakhstan has unveiled plans to develop five major cross-border trade and transport hubs to enhance connectivity and boost economic ties with neighboring countries, Trade and Integration Minister Arman Shakkaliev said on Monday during a government meeting.

BAKU, Dec 11 (Reuters) - Azerbaijan recorded a $4 billion surplus in its current account balance in the third quarter of 2024, representing 7.2% of GDP, Samir Nasirov, Director of the Central Bank's Statistics Department, announced at a briefing on the country's Q3 balance of payments.

Meat production in Azerbaijan increased to 491,400 tons in live weight from January to October 2024, up 1.2% compared to the same period last year, according to the State Statistics Committee. However, this growth, combined with a sharp rise in meat imports, has done little to stabilize high meat prices, which have been steadily climbing over the past 10 months, notes agricultural expert Vahid Maharramov.

The International Bank of Azerbaijan (IBA) will hold an online shareholders' meeting on Dec. 13 to vote on increasing the bank's charter capital, approving a revised charter, and establishing a new innovative subsidiary, the bank said in a statement.