$1bn in population’s hands

According to the president of the Banking Association of Azerbaijan Mr. Zakir Nuriyev, if the Azerbaijan population invested its savings of some $1 billion in the economy, it could achieve considerable spin-off resulting in economic growth.
Mr. Nuriyev added that the volume of commercial bank credits has increased lately. In 2000, commercial banks provided credits totaling AZM2.3 trillion, or AZM6 billion over 1998, he said.*

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Issue: March, 7, 2001


POLITICS

UN Secretary General makes statement on Women’s Day


ECONOMICS

SOCAR to export 145,000 tons of crude in March

Russia appoints new co-chair of inter-governmental commission

Azercell signs new loan agreement

Azerbaijan Entrepreneurs Confederation includes over 600 members

"Azersun Holding" privatizes Lankaran tea factory

Electronic tokens to be introduced since late March

$1bn in population’s hands


HEALTH

TB rate rising


CULTURE

Women's Day exhibition


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