Remittances sent by individuals from Azerbaijan to Kazakhstan amounted to $8.58 million in 2024, according to the Central Bank of Azerbaijan/ This figure grew by 14% compared to 2023. The volume of money remittances of …
The United States has agreed to extend a sanction waiver on Gazprombank, which would allow Turkey to continue buying Russian natural gas until May, …
U.S. President Donald Trump has instructed U.S. Secretary of the Treasury Scott Bessent to reassess the existing U.S. sanctions policy as it undermines the dollar's role as the world's reserve currency, according to Bessent. …
The technological payment method is planned to be introduced in late March
The United States' pause on foreign aid contributions is having a serious impact on global health, World Health Organization …
Clubs worldwide spent a record $2.35 billion on international transfers in men's soccer in the January window, nearly a 58% increase from last year, FIFA …
Azerbaijan's trade turnover with CIS countries from January to July 2024 surpassed $6.9 billion, representing 14.55% of the total foreign trade turnover. …
By the end of 2025, the first branch of a Russian bank will open in the capital of Iran, Tehran. VTB will transform its representative office in Iran into a branch. It will support foreign economic activity for Russian and Iranian companies.
In 2024, Azerbaijan strengthened and developed its economy, the republic achieved significant macroeconomic figures, Azerbaijani President Ilham Aliyev said in his address on the occasion of New Year. According to …
Azerbaijan has allocated more than 19 billion manats for the restoration of Karabakh and East Zangezur, and the implementation of the Great Return Program will continue to be a priority for us, Azerbaijani President Ilham Aliyev in …
The Russian government approved a list of regions and territories where mining will be banned from January 1, 2025. The restrictions will remain in …
Average monthly nominal earnings in Georgia increased by 10.9% in the third quarter of 2024, rising by 201.3 lari to reach a total of 2,056.7 lari compared to the same quarter in the previous year, the National Statistics Office (Sakstat) …
Armenia has stopped fulfilling its financial obligations in the CSTO
Wealth of the ruling Georgian Dream - Democratic Georgia party's founder Bidzina Ivanishvili estimated at $7.73 billion, according to Bloomberg Billionaires Index. Since the beginning of 2024, Ivanishvili's …
Turkey and Russia continue trade in national currencies and they can similarly pay for gas, a source in banking consulting in Ankara said when asked to comment on the situation with U.S. sanctions on Gazprombank, TASS reported. …
Moscow and Tehran are no longer using the dollar in mutual trade transactions and have shifted to national currencies thanks to previously signed agreements between the two countries in the financial sector, Governor of the Iranian Central Bank …
At COP29, the "Baku Financing Target" was announced. Its goal is to mobilize $300 billion for developing countries by 2035.
It will serve the clients from 8 countries of the South Caucasus and Central Asia
Today, banks in Turkey, the UAE, Thailand, Hungary, Vietnam, Germany, Kazakhstan, Qatar and China have stopped servicing UnionPay cards issued by Russian Gazprombank. The issue has been observed across both state banks …
The National Bank of Kazakhstan and National Payment Corporation have launched a pilot project for interbank QR payments, the National Bank said. The first transaction took place on November 15 during the Kazakhstan Financiers Congress …
