Capital outflow from Azerbaijan for 9 months totals nearly USD 4 billion
In January-September 2024 the capital outflow from Azerbaijan (negative balance of the country's financial account) totalled $3 billion 570.5 million.This was reported by the Central Bank of Azerbaijan.
According to the information, for nine months the net financial assets (foreign investments) of Azerbaijan rose by $1390.9 million, and the net financial liabilities (foreign investments) dropped by $ 2179.6 million.
Recall that for the same period of 2023 Azerbaijan recorded an inflow of capital from abroad in the amount of $ 398.7 million.
Finance
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The Central Bank of Azerbaijan (CBA) has issued a warning to ‘PashaPay’.
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On 11 February, the Ministry of Finance, the Swiss State Secretariat for Economic Affairs (SECO) and the World Bank jointly organised an opening session of trainings on ‘Implementation of the New Budgetary Mechanism in Azerbaijan and Capacity Building in this area’.This was reported by the Ministry.
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Chairman of the Central Bank of Azerbaijan Taleh Kazimov has met with members of the Azerbaijan Fintech Association.This was reported by the chief banker himself.
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Subscription for ordinary, undocumented, registered shares of ‘Legion Financial’ JSC (provides leasing services) with the code AZ1001025464 ISIN, worth AZN 605, 000 has started today. This is reported by ‘Baku Stock Exchange’ (BSE).
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