Unibank launched a new credit campaign
BAKU/25.09.13/TURAN : OJSC Unibank has launched a new campaign - SIFTE KREDITI for those who work but do not have a credit history, and decided to make the first loan .
The discount amount in the campaign will be 6 %. Offer applies to members of all professions in age from 20 to 65 years.
The maximum loan amount is 7,500 manat . The term is up to 48 months. Anyone who has received a loan in the framework of this action , in addition , will receive a membership of Unibank credit card with a limit of 300 manats. -15D -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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