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AccessBank reported a net profit of 41.5 million AZN for the third quarter of 2024

... requirement set by the Central Bank of Azerbaijan by 3.4 times. AccessBank continues to implement its strategy to increase financial access in the country, leading to a 13.0% increase in its loan Portfolio (129.3 million manats) compared to the same period last year, totaling 1,121.6 billion manats. The growth in the Portfolio was primarily ...

Kapital Bank announces financial results for the third quarter of 2024

... As of October 1, 2024, Kapital Bank, the country's first bank, rePorted assets totaling 10.3 billion AZN. The volume of loans provided to customers amounted to 5.1 billion AZN. According to the results as of October 1, 2024, customer deposits in the bank amounted to 8 billion AZN. As of the same date, the bank's total capital after deduc ...

FORMULA 1 SPARKS 77% RISE IN TRANSACTIONS: AZERBAIJAN’S TOURISM BOOM *

... areas grew by an impressive 241%, capturing a larger share of total spending compared to previous years. This regional growth demonstrates the ripple effect of major events like F1, which generate opPortunities for businesses beyond the main urban centers. Mastercard's Role in SupPorting Economic Growth As a key player in the global paym ...

Azercell expands its network of "green" base stations

... s across the country is one of the key initiatives within Azercell's broader ESG strategy. As a socially responsible corporate citizen, Azercell remains dedicated to advancing initiatives that supPort a more sustainable, healthy, and "green" future for our country. ...

Oil and gas figures were announced for January-September

... ed in the republic while Shah Deniz for 3.1 million tons (condensate) and Absheron for 0.4 million tons. SOCAR's oil output amounted to 5.6 million tons (including condensate). The volume of exPorted oil, including condensate, amounted to 17.9 million tons during 9 months. Out of this, consortium accounts for nearly 15.6 million tons, SOCAR ...

Speaker of the Milli Majlis Sahiba Gafarova Arrives in the Swiss Confederation on a Working Visit

... A parliamentary delegation led by Speaker of the Milli Majlis Sahiba Gafarova arrived in Geneva, in the Swiss Confederation, on a working visit on 13 October. At Geneva International AirPort, the Speaker of the Milli Majlis was welcomed by Azerbaijan’s Ambassador to Switzerland Fuad Isgandarov and Azerbaijan's Permanent Representative ...

PreCop provides strong platform to begin negotiations ahead of COP29

... ns," Hoekstra remarked. He further emphasized the need for greater global efforts to transition away from fossil fuels to mitigate the harmful effects of global warming. "It’s imPortant to shift towards green energy. Over time, we need to phase out gas, as it is a fossil fuel. We must reduce our dependency on it” &ldq ...

Azerbaijan’s Milli Majlis responds to resolutions of Dutch Parliament's House of Representatives

... f committing serious crimes within the territory of Azerbaijan, including terrorism, separatism, premeditated murder, and other severe violations of international humanitarian law—while falsely Portraying them as 'Armenian military prisoners'—is blatant disrespect for the rule of law. Such actions undermine efforts to combat ter ...

Commissioner Wopke Hoekstra participated in the pre-COP in Baku

... On 10 and 11 October, Commissioner for Climate Action Wopke Hoekstra attended the last ministerial meeting before COP29. With just a month to go until the COP29 in Baku, it was an imPortant occasion to address topics like climate finance, international carbon markets and Article 6, adaptation, mitigation, transparent rePorting and the follow-up of ...

ASCO acquires another Handysize bulk carrier

... tonnes. It measures 179.9 metres in length, 30 metres in width, has a height of 15 metres, a draft of 10.47 metres, and a maximum speed of 15.7 knots. Its draft allows for easy access to many shallow Ports when fully loaded. This vessel, built in Japan in 2020, meets international environmental standards and is designed for fuel efficiency while ...

Sahiba Gafarova met with Speaker of the Senate of the Parliament of Kazakhstan Maulen Ashimbayev

... f the Senate Maulen Ashimbayev congratulated Sahiba Gafarova on the success of the Milli Majlis elections and her re-election as Head of Parliament of Azerbaijan. He added that Azerbaijan is a very imPortant and reliable partner for his country and that Kazakhstan attaches great imPortance to the development of relations with Azerbaijan. The signif ...

AZAL Launches Carbon Footprint Offset Program for Passengers

... educe aviation’s environmental impact. In partnership with Carbon Click, a leader in carbon offset solutions, AZAL enables passengers to offset the emissions generated by their flights by supPorting certified environmental projects. The program is available both during the flight ticket purchase process and after the flight has been booked ...

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