Turnover of money transfers in the banking system of Azerbaijan made in January-June 2013 the equivalent of AZN 929 million ($ 1,184 million). Compared with the corresponding period last year it is 145 million or 18.5% more. The volume of revenue is 2.6 times higher than the sum of shipments, which in turn decreased by 4.1% compared to the same period last year.
In June, turnover transfers made AZN 193.6 million, an increase compared with June of last year by 29.4%.
According to the Central Bank of Azerbaijan, the average amount being sent up grew from 582.3 manat in January to 834 manat in June and the amount received - from 574.8 to 604.2 manat. The number of sent remittances increased from 66,000 to 74,700, and the number of those received - from 156,300 to 217,300.
The total number of recorded remittances in the period was equal to 1,603.1 thousand, including those received - 1,139.7 thousand. - 15B -
Economics
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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On the night of January 13-14, several flights bound for Baku from Istanbul, Moscow, and Tel Aviv were diverted to Ganja International Airport due to thick fog at Baku's Heydar Aliyev International Airport.
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