Costs on restoration of liberated lands grew by 5%

Share of oil & gas sector in State Budget revenues increased

The oil & gas sector amounted to 4.67 bn manats (50.6% of State Budget revenues for Jan-Mar 2024).

Consolidated budget has surplus of over 3 bn manats

In the 1st quarter of 2024, the revenues of the consolidated budget of Azerbaijan amounted to 12.612 bn manats.

Shareholders of VTB (Azerbaijan) OJSC will hold an extraordinary General Meeting

Demand drops by 3% at currency auction

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Visa to launch a new contactless product

Visa will launch a new contactless product at the Paris 2024 Summer Olympics.

Central Bank currency rates for 23 April

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

Azerbaijan and WB discuss joint projects

Azerbaijan and the WB discussed the projects to be implemented within cooperation.

SOFAZ off-budget revenues on exchange rate reached 151.7 million manats

Over Jan-Mar 2024, the budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 5.268 bn manats and budget expenditures – 3.205 bn manats.

Finans Kredit increases much its share capital

By the decision of the founders of non-bank credit organization Finans Kredit LLC, the authorized capital has been sharply increased.

Ban for those who do not perform face recognition operations in e-wallets

From May 9, the use of e-wallet will be limited for those who are not registered with a PIN code.

Central Bank currency rates for 22 April

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

Operating profit of Naxçıvanbank drops 6-fold

Global Finance Names the Innovators 2024: Kapital Bank has been awarded the prestigious “Best Use of AI in Digital Transformation” award

Companies have withdrawn almost half of their deposits at Bank Avrasiya

In the 1st quarter of this year, bank's deposit portfolio amounted to 50.369 million mantas (1.843 million manats, or 4% more than at the end of last year

Bank Avrasiya reduced its profit by 23%

Bank Avrasiya completed Q1 2024 with net profit of 1.202 million manats.

AccessBank expands regional presence with new ranch in Masalli Photo

Central Bank currency rates for 19 April

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

Taleh Kazimov to visit the USA and take part in WB event

The Central Bank delegation will take part in the spring meetings of the World Bank Group and the International Monetary Fund (IMF), which will be held today in Washington

Norway's sovereign wealth fund earned yield of 1.21 trillion Norwegian kroners for Q1

Naxçıvan Bank’s interest expenses decreased – Report

Naxçıvan Bank has published a report for the first quarter of 2024.