Bank, of which Azerbaijan is member, issues loans worth about 9 billion euros
Bank, of which Azerbaijan is member, issues loans worth about 9 billion euros
‘Black Sea Trade and Development Bank’ (BSTDB), of which Azerbaijan is a member, has issued loans worth more than 8.8 billion euros over 25 years of its activity. This is stated in the report published by the Ministry of Finance following the 26th annual meeting of the BSTDB's Board of Directors in Istanbul.
Note that the meeting was attended by the Board member, Minister Samir Sharifov. It was noted at the event that the BSTDB, overcoming regional and global difficulties and economic crises, has demonstrated stability as an important financial institution, supported hundreds of customers from the private and public sectors. The BSTDB's investments have led to significant progress in important sectors of member-economies, including manufacturing, infrastructure, energy, transport, telecommunications, agriculture and finance.
At the meeting, the BSTDB Board of Directors approved Phase 2 of the medium-term strategic and business plan for 2023-2026. It was stated that following the regional tensions in 2022-2024, the war and the difficulties caused by it, the bank aims to return to a successful business model through 2022 - stable and sizeable growth.
Recall that the BSTDB, headquartered in Thessaloniki, Greece, was established in January 1997 by the member-states of the Organisation of the Black Sea Economic Cooperation - Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Moldova, Romania, Russia, Turkey, Greece and Ukraine. The Bank supports economic development and regional co-operation, and is involved in providing loans to member-countries, opening credit lines, providing guarantees if no investments are made, and financing trade.
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- Finance
- 10 December 2024 10:18
Finance
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In December 2024, the State Customs Committee (SCC) transferred 646.45 million manat to the state budget, the SCC’s website. According to the data, this is a 4.4% increase compared to the same period in 2023. In particular, last year, customs duty revenues increased by 20.2% to 158.2 million manat, while VAT (Value Added Tax) revenues decreased by 0.45% to 463.5 million manat. Excise tax revenues increased by 6.2% to 19.55 million manat, and road tax revenues increased by 45.9%, amounting to 5.2 million manat.
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An auction for the placement of interest-bearing, unsecured, undocumented, registered bonds of the non-bank credit organization (NBCO) Embafinans with the code AZ2013020600 ISIN, worth 2 million manat for a one-year term, was held at the Baku Stock Exchange (BSE), the BSE reported.
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Zarifa Hamzaeva, the owner of 84.5% of Premiumbank's shares, has passed away, the Bank reported. She was also the wife of Jahangir Askerov, the founder and president of Gazelly Group, the leading cosmetics manufacturer in the country, and the former head of Azerbaijan Airlines (AZAL) (dismissed in September 2023).
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In 2024, nominal income of Azerbaijan's population totalled AZN 83,093.4 million.
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