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
-
Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
-
The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
-
In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
-
In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
Leave a review