Industry

Digital banks to become key components of any developing financial system – ABA

Digital banks, providing remote access to all services without physical contact, will be a key component of any evolving financial system, Tamerlan Rustamov, Head of the expert group ‘On Payment Systems and Digital Banking’ of the Azerbaijan Banks Association (ABA), told Trend. According to Rustamov, in Azerbaijan, as in countries with developed financial systems, the use […]

Industry

Review of Georgia’s exports to China

Georgia exported 89,991 tons of copper to China worth $164.7 million from January through April 2021, Trend reports referring to the National Statistics Office of Georgia (Geostat). In the reporting period, Georgia exported 1,018 tons of wine of fresh grapes worth $3.82 million to China. Meanwhile, 22.6 tons of medical equipment and appliances worth $5.4 million were […]

Industry

Azerbaijani Finance Ministry to put up state bonds for auction

Baku Stock Exchange (BSE) will hold an auction on the placement of state medium-term bonds of Azerbaijan’s Ministry of Finance worth 10 million manat ($5.9 million) on June 8, 2021, Trend reports referring to a source in the BSE. Bonds with a face value of 100 manat ($58.8), a circulation period of 1,820 days, and a yield […]

Miscellaneous

Turkey’s AnadoluJet to start to make Antalya-Baku flights soon

AnadoluJet, a low-cost Turkish airline and a subsidiary of Turkish Airlines, will start to make Antalya-Baku-Antalya charter flights from June 20, Trend reports on June 6. AnadoluJet continues to expand its international flight network. As one of the important port cities, Baku annually receives many local and foreign tourists visiting the capital in connection with a trade, […]