Bank deposits of the population in Azerbaijan on June 1, 2014 amounted to 6643 million manat (+3.9% YTD).
According to the Central Bank of the Republic of Azerbaijan, the overall increase is observed amid falling in April by 1.2%. Nearly two-thirds (62.6%) of deposits of the population are held in the national currency - 4.1588 billion manat (+7%).
Other money, that is 2,484,200,000 AZN, is stored in foreign currency (minus 0.9%).
The volume of bank deposits of residents (persons residing in the country for more than half of last year) is 6,030.3 million manat (+7.3%), and those of non-residents are 612.7 million manat (minus 21%).
By June 1, the volume of deposits in banks in Azerbaijan was 13 billion 637 million manat (+ 9.3% YTD). - 17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No. 1051-VIQ dated December 2, 2023, and address regulatory requirements related to the implementation of the Competition Code.
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of agricultural land and enhance regulatory processes.
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