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Baku/25.04.22/Turan: The Central Bank of Azerbaijan published a survey of credit unions for the first quarter of 2022. The document says that credit unions of Azerbaijan lost AZN 0.4 million during the quarter. It is down by about 33% from the same period of the last year.
In the reporting period the credit unions received AZN 0.5 million of interest income, AZN 0.3 million of non-interest income, incurred small interest expenses, AZN 0.3 million of non-interest expenses, created special reserves on overdue loans for AZN 0.8 million and paid AZN 0.1 million of profit tax.
The financial indices of microfinance organizations are published once a quarter. -0-
Politics
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At the trial of the opposition politician Tofig Yagublu, the statement of Elnur Vaqifoglu, another accused, was heard at the Baku Serious Crimes Court.
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EU Reporter sadly announces the death from natural causes this week of its Political Editor Nick Powell, whilst attending the Global Media Forum in Susha, Azerbaijan.
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The health of economist Fazil Gasimov, who is on hunger strike for the 43rd day, has deteriorated sharply. On the night of July 26, he was transferred from the Baku pre-trial detention center-1 to a medical institution of the Penitentiary Service, the economist's brother Nazim Gasimov told Turan.
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On July 26, the trial of public activist Bakhtiyar Hajiyev continued in the Baku Serious Crimes Court. Three witnesses were heard. One of them said that she had once asked Hajiyev for help in obtaining a visa for a tour to the Czech Republic and had no other business with him. At the same time, the witness stressed that she did not personally transfer the money, but made a transfer for the service.
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