Month: November 2023
In October of this year, the situation with accepting deposits changed in five banks of Azerbaijan. Banks have revised the percentage of deposits placed in Azerbaijani manats and US dollars.Thus, the annual interest rate on deposits accepted in national currency for up to 1 year has been changed, in “Accessbank” – from 8.5-10.5% to 8.5-11%, in Bank “VTB Azerbaycan” – from 9.75-10.5% to 10.25-11%, in “Premiumbank” – from 1.5% to 6-6. 5%, in “Unibank” from 10-10. 5% to …
“AZAL” signed an agreement with “GetJet Airlines” on short-term leasing of three Airbus A320 aircraft. This is the first experience of the national leasing airline, the press service of “Azerbaijan Airlines” CJSC reports.Within the framework of the contract, along with aircraft leasing, services are provided for ensuring flight personnel, technical support, insurance, quality and safety of flights. This is a global practice. …
Partly cloudy weather is expected in Baku and Absheron on Thursday, November 2. At night and in the morning there is a slight fog in some places, a moderate south-westerly wind, by the evening it will change to the north-westerly. According to forecasters of the Ministry of Ecology, the air temperature at night will be +13 + 17, and in the afternoon it will be +20 + 25 degrees.In mountainous areas, rains are expected in the first half of the day, sometimes …
The VII International Banking Forum (“IBF-2023”) started its work in Baku on 1 November.The event, which will end on 2 November, is held within the framework of cooperation between the Association of Banks of Azerbaijan and the international card organisation “Mastercard” given with the support of the Central Bank of Azerbaijan and the Centre for Analysis and Communication of Economic Reforms. The topic of the forum is “Reliable, Safe and …
For nine months of this year, the median salary in Azerbaijan amounted to AZN 478 (USD 281.1), the press service of the Ministry of Labour and Social Security told Turan.Within 12 months, the size of the median salary in the country grew by 12.7%. No information on this index for the private and public sectors, as well as for Baku and regions is provided.Officially, half of employees or 853.000 people receive wages below AZN 478. At the same time, the …The Armenian Patriarchate of Jerusalem announces that a letter was sent on October 26, 2023 to Xana Gardens Ltd. whereby the Patriarchate informed Xana Gardens of the cancellation of the agreement signed on 8/7/2021 regarding the Armenian Gardens in the Old City, Jerusalem, Fr Aghan Gogchyan, Chancellor at Armenian Patriarchate of Jerusalem, informs.
A deal had earlier been signed by the Armenian Patriarchate that would hand up to 25% of the quarter to a commercial entity for a 99-year lease. The reported intention was to build a luxury hotel on some of the land that is currently a parking lot, but is on prime real estate nestled just within the Old City walls.