"Hermes Finance" prepares for capital growth
Finance
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The Azerbaijan Deposit Insurance Fund (ADIF) has announced that the movable property of "AGBank", which is in the process of liquidation, will be put up for open auction.
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In the first half of 2024, money transfers from Azerbaijan abroad (except for operations of capital nature) amounted to $259.6 million. This was reported by the Central Bank of Azerbaijan.
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The Azerbaijani government plans to spend AZN 4 billion (USD 2.35 billion) from the 2025 state budget on the restoration and reconstruction of territories liberated from occupation.
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The Azerbaijani government forecasts that revenues of the consolidated budget in 2025 will amount to AZN 44,371.4 million ($26,100.8 million) and expenditures to 45,867 million ($26,980.6 million).This was reported by the Ministry of Finance.
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