About $295 million transferred to Azerbaijan from abroad in first quarter of 2024
In the first quarter of 2024, $294.4 million was transferred to Azerbaijan from abroad. This was reported by the Central Bank of Azerbaijan.
According to the data, this is up by 34.8% from the same period of 2023.
During the quarter, Russia accounted for $155.4 million received in the country. Remittances from that country have fallen by 50.3% over the past year, while our northern neighbor's share of remittances fell from 69.2% to 52.8%.
In return, remittances from Turkey to Azerbaijan rose by 22.3% to $39.9 million, while the country's share in remittances rose from 7.2% to 13.6%.
Other countries in the top 5 in terms of remittances include the US ($14.4 million, down 9%), Georgia ($9.3 million, up 50%) and the UK ($8.3 million, down 9.9%).
Finance
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Azerbaijan Investment Holding is holding an open tender for voluntary car insurance.This is reported on the unified internet portal of state procurement. According to the information, a fee for participation in the tender is AZN 14.
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Tomorrow the Central Bank of Azerbaijan (CBA) will announce its next decision on interest rate corridor parameters according to a predetermined schedule.This will be the regulator's first interest rate decision in 2025.
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Subscription for interest-bearing, unsecured, undocumented, registered bonds of 'Global Energy Solutions' with AZ2001025884 ISIN code AZ2001025884, nominal value AZN 5 million, with a turnover period of 2 years has started at Baku Stock Exchange (BSE) from today.This is reported by BSE.
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