Turnover of the national payment system in the first nine months reached 95 billion manats
BAKU/03.12.13/TURAN : Credit Organizations of Azerbaijan met in September 2013 2172 thousand payment orders totaling 10,520 million manat. By increasing the amount of payments to 114 thousand (5.5% ) their total turnover decreased compared to the previous month by 473 million manat.
Compared with the corresponding period last year, the number of payments in January-September increased by 797 thousand or 4.2% to 19,804 thousand, and their volume increased by 10,492 million or 12.4% to 94,995 million manat.
In the structure of payments turnover in January-September, the share of large and urgent payments was 1.84 % (365,000) of the total number and 88.8 % (84,369 million manat) of their total volume. The average size of this category of payments decreased compared to September 2012 by 4.2 %, amounting to 221,800 manat, and the average size and small retail payments - by 3.1% to 565.3 manat.
As of October 1, 2013 payment system users were 43 organizations, 41 of which could make large and urgent payments. - 15B -
Economics
-
The new law on "Political Parties," adopted two years ago, came into effect early last year and has been criticized by the Venice Commission, is already making its impact felt. On December 4, the activities of two political parties—the Freedom Party and the Party of Free Democrats—were halted through court orders. The Ministry of Justice cited discrepancies in the documentation of these parties as the reason for its appeal to the court.
-
In the first ten months of 2024, Baku's trade turnover registered a 4.4% increase compared to the same period last year, reaching a substantial 28.2 billion manat, according to the Baku City Statistics Department.
-
In a significant move to bolster its financial capabilities, Azerbaijan's state-owned energy company SOCAR has signed an agreement with Italy's Intesa Sanpaolo bank. The pact, which underscores growing cooperation between the two entities, marks a step forward in securing financial resources for SOCAR's ambitious projects, including its ventures in green energy.
-
In the first 11 months of 2024, Azerbaijan experienced a robust recovery in its tourism sector, with 2.41 million foreign and stateless individuals visiting the country, marking a 27.4% increase compared to the same period last year, according to the State Border Service. This growth reflects Azerbaijan’s increasing appeal as a travel destination, bolstered by diversification in source markets and improved transport infrastructure.
Leave a review