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Minister spoke about ‘green’ financing in Azerbaijan

It is necessary to introduce various innovative solutions in Azerbaijan to expand green financing.

Azerbaijani banks to announce their financial obligations on eve of COP29

Forum "Green Finance & Sustainable Development" is taking place in Baku.

Taleh Kazimov: Investments in ‘green’ finances are important for creating a sustainable economy

Global climate change is having impact on the economy of Azerbaijan.

Central Bank currency rates for 18 October

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

List of banks with the highest interest income

The names of the banks that received the highest interest income in Azerbaijan in the 3rd quarter of 2024 have become known.

Rate of Central Bank of Türkiye remained at 50%

The Monetary Policy Committee of the Central Bank of Türkiye decided to keep the interest rate at the same level of 50%, according to regulatorəs press release.

Kazakhstan to simplify work of foreign banks

Number of cryptocurrency owners in world reaches 617 million

There are about 617 million cryptocurrency owners and 30-60 million monthly active users in the world, excluding bots and temporary addresses.

Fitch Ratings: Banks in Azerbaijan target less risky and more profitable retail loans

The Azerbaijani banking sector’s financial profile has strengthened materially since 2017, supported by reduced dollarisation and less pressure on capitalization from legacy asset-quality risks

Banks in Azerbaijan reduced demand at currency auction by 20.3%

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Licenses of two audit companies revoked

The Chamber of Auditors revoked the licenses of two audit companies.

Gold is close to a new record amid U.S. elections and Fed rates

Gold has once again rushed to new records, anticipating an intense struggle for the US presidency

Finance Ministry comments on increase of Azerbaijan's State Budget 2025

The Ministry of Finance has commented on the increase of Azerbaijan's state budget revenues and expenditures for 2025 by 1.74 billion manats ($1.02 billion) compared to the initial draft.

NBCO Finans Kredit decreased – assets reduced

Non–bank credit organization Finans Kredit LLC earned interest income of 353,000 manats and net profit of more than 133,000 manats in the first half of 2024.

Central Bank currency rates for 17 October

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

Gold production in Azerbaijan has started to grow

Gold production in Azerbaijan in the 3rd quarter of 2024 reached 1,752.1 kg or about 61,803.51 troy ounces.

Forecast on State Budget 2025 revenues and expenditures

State Budget defense spending to be distributed as follows in 2025

Next year, defense and national security expenditures in the State Budget will amount to 8,396,297,596 manats.

Azer-Turk Bank reports decline on population’s deposits and rise on legal entities’ deposits

Azer-Turk Bank released its financial statements for Q3 of 2024.

Their share to be 1% in formation of State Budget for 2025

According to forecasts, in 2025, 392.6 million manats, or about 1% of Azerbaijan State Budget revenues accounted for income from property tax of legal entities.