NBCO "Blue Finance" registered
Non-bank credit organisation "Blue Finance" has passed state registration in Azerbaijan, according to the state register of commercial organisations of the state tax service under the Ministry of Economy.
Note that the legal address of the new NBCO is 37 Khojaly Avenue, Khatai district, Baku city; the authorised capital meets the minimum requirement as set for NCOs - AZN 300,000, and its legal representative is Samir Ogtay oglu Alakbarov.
As a reminder, this is the first NBCO registered by the state in 2024. In 2023, 5 NBCOs were established in the country. The Central Bank of Azerbaijan issued a licence to one of them - "Nova Credit."
Finance
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The analysis shows that the economic growth in Azerbaijan in 2026-2028 will be fully ensured at the expense of the non-oil and gas sector.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In January-August 2024, two state financial institutions of Azerbaijan jointly paid dividends in the amount of AZN 169.9 million, or about $100 million. This is stated in the conclusion of the Accounting Chamber over the Draft Law ‘’On State Budget for 2024‘’.
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President Ilham Aliyev's decree of 28 March 2022 ‘On Approval of the Upper Limit of Ratio of Non-oil Base Budget Deficit to Non-oil Gross Domestic Product (GDP)’ is not honoured.This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.
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In 2025, the subsistence minimum in Azerbaijan will amount to AZN 305 for able-bodied population, AZN 232 for pensioners and AZN 246 for children. This is stated in the Draft Law ‘On Subsistence Minimum for 2025’.
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