Azerbaijani regions by July 1, registered 15,330 POS terminals installed at trade and services (an increase of 3.5 times in comparison with the beginning of the year). In Baku, the absolute figures are higher - 37,080 at a much lower growth - by 30%. Almost all of the equipment (50,960 or 97.2% of all POS terminals) is set to retail sites.
In the country, according to the Central Bank of Azerbaijan, as of 1 July there were 2,476 ATMs installed (+2.2%), of which 1,389 ATMs are in Baku, and 1,087 are in the regions.
The situation with the POS terminals in the country is grim. In spite of the continuous increase in their numbers, in almost any shop they do not work. The reason is that with their use trade operations become transparent and the "gray bookkeeping" loses its meaning. --17D-
Economics
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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