The humanitarian NGO World Vision International with the purpose to assist the establishment of credit unions provides training for displaced people from the Lachin district located in the village Takhta Kerpu in Agjabadi.
As the organization said, in the first part of the training they will give theoretical knowledge on the establishment of new credit unions, accounting and business plans as well as the management of credit unions. At the second stage the participants will receive detailed information about the marketing of credit unions, the national collection of overdue loans, prudential regulations of the Central Bank and the preparation of reports.
The training will be held by experts from the Association of Credit Unions of Azerbaijan, and will end on September 7. - 15D -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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