Turan Bank congratulates media on National Press Day and offers them 2% discount for consumer credits
On occasion of the National Press Day on July 22 Turan Bank has launched the credit campaign for media.
During the campaign TuranBank will reduce the annual interest rate of consumer credits by 2%. From July 22 to 24 the journalists could get credit with 2% discount at any branch office of Turan Bank by presenting their ID card.
Reduction of annual interest rate by 2% for journalists is a part of Turan Bank discount campaign for representatives of various professions.—0—
Economics
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The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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