Four Azerbaijani banks – Atabank, AGBank, NBCBank, and Amrah Bank – which are among the country's 15 largest financial institutions, were taken into temporary administration by the Central Bank of Azerbaijan (CBA) on April 27.
The Azerbaijan startup ecosystem is ranked 47 globally, among 188 countries, according to a new list published by the Global Startup Ranking.
The capitalisation of the Azerbaijani banking sector amounted to 4.1 billion manats, as of September 30, 2018 which is 10.8 percent more than the figure at the beginning of the year, the Financial Market Supervision Authority said in a report.
Azerbaijan's trade turnover with China increased by 43% to 1.2 billion dollars in 2017, according to Azerbaijani Economy Minister Shahin Mustafayev.
Azerbaijan's oil shipments via Russia jumped to 818,664 tonnes in January-July this year from 559,065 tonnes in the same period last year, Reuters reports, citing the state oil company SOCAR.