The Yasamal branch of Azer-Turk Bank, which covers the entire range of banking services, opened in Baku today. The new branch of the bank is located at 89 Gutkashenly Street.
In July, the bank opened its Sub-branch No1 in the capital. The sub-branch is located in the service ASAN №5 located in the Nizami district of Baku, 115 Heydar Aliyev Avenue. Clients that contact ASAN will be provided banking services by the Azer-Turk Bank sub-branch.
Today Azer-Turk Bank has a network of five branches, two of which are located in Ganja and Nakhchivan
Azer-Turk Bank was established in 1995. Currently, 75% stake in the bank is owned by the state, the bank’s website reported. -0--
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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