Kapital Bank opens new Contact center  

CBA has kept the discount rate stable

The Board of the Central Bank of Azerbaijan has decided to keep the discount rate at 7.25%

Some innovations are expected in tax and customs spheres next year

Innovations in the tax and customs sphere are predicted in Azerbaijan in 2025.

Receipts from Tax Service next year to be as follows – Forecast

In 2025, revenues from the State Tax Service will make up 42.3% of State Budget revenues, or 15.5 billion manats (230 million manats or 1.5% more than the adjusted forecast for the current year).

Manat-dollar exchange rate in Azerbaijan to remain stable in next 4 years - Forecast

Azerbaijan has voiced government's expectations regarding the exchange rate of the manat against the US dollar for 2025-2028.

FMO held a two-day seminar on green financing for Bank Respublika employees

Central Bank currency rates for 18 September

Azerbaijani manat rate has grown to the euro and to the Turkish lira, while is stable to the US dollar and to the Russian ruble.

Azerbaijan can increase gold exports to Iraq

Azerbaijan can increase gold exports to Iraq if desired.

A new era begins with the Birbank Star card - no interest, no fees

Online payment company establishes a subsidiary in Azerbaijan

Online payment company GuavaPay Limited, founded in the UK by businessmen of Azerbaijani origin, has founded a new subsidiary in our country and is awaiting a license from the regulator.

Banks increased demand by 27% at currency auction

Following the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Central Bank currency rates for 17 September

Azerbaijani manat rate has declined to the euro and grown to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

Accounts Chamber reveals financial breaches for 187 million manats since early 2024

Central Bank currency rates for 16 September

Azerbaijani manat rate has fallen to the euro and risen to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

This year, gold production in Azerbaijan grew more than by 7%

Over Jan-Aug 2024, 1,476.4 kg of gold and 2,061.9 kg of silver were produced in Azerbaijan.

Azerbaijan's State Budget surplus reaches almost 3 billion manats

Azerbaijani State Budget revenues for Jan-Aug 2024 amounted to 25.223 bn manats (23.5% more versus 2023)

Incomes of Azerbaijani population increased

The nominal monetary income of the Azerbaijani population amounted to 53.947 mln manats for Jan-Aug 2024

Russian Central Bank raised key rate to 19% per annum

The Bank of Russia raised the key rate by 100 basis points to 19% per annum and indicated the possibility of raising it at the next meeting.

The Economist forecasts exchange rate of Azerbaijani manat to remain stable until 2029

Money transfers from Türkiye to Azerbaijan increased by 16%

The volume of money transfers from Türkiye to the population of Azerbaijan in the 1st half of this year amounted to $82 million 293 thousand.

Accounts Chamber: There are many gaps in budget planning

Gaps in the State Budget of Azerbaijan, relating to planning, create the possibility of additional expenses (for example, interest expenses).