Without Loans, Real Sector Not to Develop - Vahid Ahmedov
The reason for the reduction of problem loans is that in fact banks have stopped issuing loans, MP Vahid Ahmedov said at a meeting of the parliamentary committee on economic policy, industry and entrepreneurship.
The MP noted that the stabilization of AZN is connected with the limitation of the money supply.
“The real sector is not developing, as loans are not provided in Azerbaijan. We will see the consequences of this in 2-3 months. Reducing the money supply, it is impossible to develop the non-oil sector,” he said. -----71D
-
- Analytics
- 30 March 2017 16:39
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review