Review of monetary sector in Azerbaijan (January-November 2016)

Currency reserves of the Central Bank of Azerbaijan (CBA) increased by $5.5 million (0.14 percent) to $4.011 million in November 2016 as compared to October.

The CBA’s currency reserves have decreased by $1,005.7 million, or by 20.05 percent since early 2016, according to the CBA.

CBA’s currency reserves have begun reducing since July 2014. The reduction was at a slower rate (in the range of $20-50 million) at the beginning, but a sharp decline in the volume of reserves began in December 2014 due to an increase in demand for dollar in the country. During 2016, the volume of currency reserves increased by 0.9 percent in March, by 1.35 percent in April, by 3.97 percent in May and by 0.7 percent in August.

Currency market and manat rate

The official exchange rate of the manat to the US dollar hit a historic minimum rate – 1.7318 AZN / USD in November 2016. The official exchange rate of the US dollar to manat was 1.5610 manat in early 2016. As of March 11, 2016, the official exchange rate of the US dollar to manat reached a record rate – 1.6456 manat.

Thus, the highest value of the US currency after the devaluation of the manat was observed in late November.

Azerbaijani monetary market

The money supply rate (M2) (cash in circulation (outside banks) and remainders in the national currency on accounts of non-financial organizations, financial organizations (excluding credit organizations) and physical entities) amounted to 10.94 billion manat as of December 1, 2016 increasing by 2.5 percent for the month and by almost 20.9 percent for the year.

The amount of cash money supply (M0) increased by 12.7 percent for the year from 5.74 billion manat to 5.83 billion manat. M0 increased by 1.5 percent compared to the previous month.

As of November 2016, Broad Money Supply (M3) totaled 20.27 billion manat or 16.2 percent more compared to November 2015 and by 0.7 percent more than in late October 2016.

The transaction money (M1) increased by 20.2 percent for the year.

The transaction money (M1) increased by 2.8 percent and amounted to 8.38 billion manat compared to late October.

Parameters of monetary market, in million manat:

Monetary market parameters

Volume, November 2016

Money mass in extensive understating (М3)

20271,9

Money mass on manat (М2)

10 942,4

Cash in manat (М0)

5833,5

Non-cash in manat

5108,9

The bank reserves amounted to 2.71 billion manat in Azerbaijan as of Dec. 1, 2016, which is 2.15 times more than in November 2015 (1.26 billion manat).

The report said that the broad monetary base in the country as of Dec. 1, 2016, amounted to 9.05 billion manat or by 29.3 percent more compared to the same period of 2015.

For comparison: this figure amounted to 7 billion manat as of November 2015. The monetary base increased by 19.8 percent in Azerbaijan compared to early 2016 (7.56 billion manat).

According to the CBA, as of Dec. 1, 2016, the monetary base in manat amounted to 7.7 billion manat compared to 6.73 billion manat as of Dec.1, 2015.

The volume of currency in circulation amounted to 6.33 billion manat during the reporting period, while this figure stood at 5.73 billion manat as of Dec. 1, 2015.

The ratio of cash in circulation to monetary base as of Dec. 1, 2016 amounted to 69.9 percent, decreasing by 12 percentage points compared to late Dec. 2015.

Azerbaijan’s loan market

In November 2016, the volume of overdue loans in Azerbaijani national currency reached 637.9 million manat, which is a 24.6 percent decrease compared to November 2015.

The share of overdue loans in Azerbaijani manat reached 7.4 percent of the loan portfolio of the country’s banks and non-banking credit organizations as of late November 2016, the report said.

Overdue loans in foreign currency amounted to 804.5 million manat, which is a twofold increase during the same period, and their share reached almost 10.5 percent.

In general, the total volume of overdue loans in Azerbaijan amounted to 1.44 billion manat (annual growth of 17.3 percent).

By the beginning of December 2016, loans of credit institutions reached nearly 16.3 billion manat. Despite the annual decrease of 13.17 percent, the volume of loans increased by three percent over the last month.

Loans in Azerbaijan’s national currency prevail in the structure of the issued loans - they account for 52.85 percent (8.6 billion manat) of all loans. During the year, their volume decreased by 21.04 percent. The remaining funds are foreign currency loans (47.15 percent, or nearly 7.7 billion manat), their volume increased by 2.25 percent compared to November 2015.

This ratio was 73 and 27 percent in early 2015. But the share of foreign currency loans began increasing, reaching 49.3 percent as of the year after the February devaluation of the manat.

However, Azerbaijan’s Financial Market Supervisory Authority established a moratorium on the issuance of consumer loans in foreign currency to the individuals who do not have foreign exchange earnings and bank deposits since April 2016 and imposed a ban on mortgage loans in foreign currency since May.

Moreover, some banks have started to convert dollar-denominated loans into manat ones.

As of Dec. 1, 2016, the volume of short-term loans amounted to 3.45 billion manat (including overdue loans worth 376.4 million manat), the volume of long term loans amounted to 12.8 billion manat (including nearly 1.1 billion manat of overdue loans).

According to the CBA, the credit portfolio of the state banks in the country amounted to 5.68 billion manat with a specific weight of 34.9 percent, while private banks issued loans worth 10.12 billion manat, where 4.3 billion manat falls to the share of banks with foreign capital. The remaining 2.9 percent falls to the share of non-bank credit organizations, which issued 473.4 million manat.

Azerbaijani banks increased the issuance of consumer loans up to 5.93 billion manat in November 2016, which is by 0.37 percent more than in October.

According to the CBA report, consumer lending decreased by 21.3 percent for the year.

The consumer lending volumes decreased in Azerbaijan after the first devaluation of the manat rate [the dollar rate increased by almost 34 percent February 21, 2015].

However, the largest part of the total loan portfolio of banks – 36.4 percent (as of November) still accounts for the consumer loans.

According to the report, the trade and services sector (14.6 percent or 2.38 billion manat) ranked second, the construction and real estate sector (11.6 percent or 1.89 billion manat) ranked third in the total loan portfolio of banks.

Some 1.24 billion manat (7.6 percent of the total lending volume) accounted for the industry and production sector.

Some 7.6 percent (1.23 billion manat) accounted for the loans issued in transport and communication, 2.6 percent (421.8 million manat) - agriculture and processing, the report said.

The loans issued in energy, chemistry, and natural resources also increased.

Thus, the share of loans in this sector amounted to 3.7 percent (601.8 million manat) in November 2016 for the first time since 2011. The best index of 3.2 percent (396.7 million manat) in the reporting period was observed as of 2012.

The loans given to the population in Azerbaijan's districts totaled 2.479 billion manat in November 2016, or 15.2 percent of the banks' total loan portfolio and 22 percent less than in the same period of 2015.

According to the report, the loans worth 13.8 billion manat were issued in Baku.

The loans in national currency (manat) amounted to 6.92 billion manat (50.1 percent).

For comparison, the loans amounting to 15.56 billion manat were issued in Baku in late November 2015. Some 8.5 billion manat (54.8 percent) of that amount accounted for the loans in national currency.

The average interest rate on loans throughout the country was 10.8 percent in November 2016, while in Baku that index stood at 9.2 percent.

The lending volume in the Absheron economic district totaled 514.9 million manat at an average rate of 16.7 percent.

In other economic districts the lending index was as follows: Aran – 607.2 million manat at a rate of 22.6 percent, Mountainous Shirvan – 92.6 million manat at a rate of 22.1 percent, Ganja-Gazakh – 526.37 million manat at a rate of 19.5 percent, Guba-Khachmaz – 189.45 million manat at a rate of 19.8 percent, Lankaran – 218.9 million manat at a rate of 22.4 percent, Shaki-Zagatala – 173.95 million manat at a rate of 22 percent, the Upper Karabakh – 41.5 million manat at a rate of 17.9 percent, Kalbajar-Lachin – 1.11 million manat at a rate of 13.3 percent, Nakhchivan – 113.03 million manat at a rate of 12.6 percent.

Azerbaijani banks decreased the average interest rate on loans in national currency and foreign currency in November 2016 compared to the previous month.

According to the report, the average rate on loans issued in national currency amounted to 12.18 percent in November compared to 12.24 percent in October.

The average interest rate on loans reached 13.76 percent in November 2015.

The average rate on loans in freely convertible currency made up 9.16 percent in November 2016 compared to 9.63 percent in October 2016 and 13.74 percent in November 2015.

The legal entities received manat loans at an average rate of 8.36 percent in November compared to 8.33 percent in October 2016 and 9.92 percent in November 2015.

The average rate on bank lending to the corporate clients in foreign currency amounted to 5.71 percent in November 2016 compared to 5.74 percent in October and 9.99 percent in November 2015.

As of November 2016, the average rate on manat loans to physical entities amounted to 16.07 percent compared to 16.20 percent in October and 17.54 percent as of December 1, 2015.

The average rate on bank lending to the individual customers in foreign currency was 17.30 percent compared to 18.45 percent and 21.26 percent accordingly.

Mortgage lending

Some 4.9 million manat was allocated from the Azerbaijani state budget to the Azerbaijan Mortgage Fund (AMF) in November 2016 to finance the social mortgage, which is 25.6 percent more than in November 2015, said the report.

The total volume of refinancing the loans issued by banks earlier was 0.6 million manat in November.

The budgetary funds obtained by the AMF for social mortgage since early 2016 exceeded 46.2 million manat. In general, 50 million manat are envisaged for these purposes in the state budget in 2016.

During November, as in the previous six months, Azerbaijani banks didn’t issue any mortgage loan, while in January-November 2015, the volume of mortgage lending totaled 566.2 million manat.

The mortgage bonds were not placed in November 2016 and during the whole year. The suspension of mortgage lending is associated with the reorganization of the AMF, the fund will continue issuing loans after the approval of the relevant legal acts.

The average monthly amount of the loan issued by the AMF authorized banks amounted to 40,945.6 manat in November 2016 (this figure amounted to 40,833.6 manat in November 2015).

The average loan period is 280 months (280 months), the average annual interest rate is 6.69 percent (6.71 percent a year earlier), and the average amount of payments is 295.8 manat (297.1 manat).

According to the new mortgage loan issuance order, approved in June 2016, an ordinary mortgage loan will be issued only to Azerbaijani citizens and only in the national currency for a term from 3 years to 25 years, while preferential mortgage - up to 30 years to purchase a house, owned by the citizen. Interest rates on conventional mortgage must not exceed eight percent, while 4 percent per annum in preferential mortgage loan.

The maximum amount of the mortgage loan (including preferential) is determined by Azerbaijan Mortgage Fund JSC and must not exceed the cost of repaired housing with an average of 100 square meters in zone #7 in Baku. Annual interest rates on the loan are determined by the company’s Supervisory Board.

The amount of preferential mortgage loan must be 85 percent of the cost of purchased housing by the date of the loan issuance, except for cases when a borrower appeals to decrease the loan amount. The amount of conventional mortgage loan must not be less than 75 percent and more than 85 percent of the cost of purchased housing by the moment of the loan issuance, except for the cases when a borrower appeals to decrease the loan amount.

The monthly payment for a mortgage loan must not exceed 70 percent of a debtor's monthly income. The age of the borrower must not exceed the retirement age according to the legislation. An agreement on life insurance is required.

The family members of war victims, national heroes, internally displaced people, civil servants with at least a three years' experience, teachers of secondary schools with at least a five-year service term, PhDs, doctors of science and those having special merits in sport as well as the military with at least a three-year service term can use the preferential conditions. Each family having the right to such a mortgage loan can use it only once.

The number of banks, issuing mortgage loans through the Azerbaijan Mortgage Fund (AMF), decreased from 26 to 8 in November.

Among these banks are Xalq Bank, AG Bank, PASHA Bank, Bank Avrasiya, Kapital Bank, Bank VTB, NBC Bank and AzerTurkBank.

AMF will cooperate with only two appraisal companies - Bilandar and MBA Group, and four insurance companies - PASHA Insurance, PASHA Life, Qala Insurance and Qala Life.

Earlier, AMF worked with 16 appraisal organizations and 18 insurance companies.

Commenting on the AMF decision, the head of Azerbaijan Banks Association Zakir Nuriyev told Trend that the banks which have retained the status of the AMF authorized members will be entitled to issue new mortgage loans. However, the rest banks, which had the access to the AMF’s funds earlier, will continue to fulfill their obligations upon the existing mortgage contracts.

The issuance of mortgage loans through AMF has been suspended since May 2016.

Azerbaijani President Ilham Aliyev signed a decree on the establishment of the Azerbaijan Mortgage Fund OJSC October 27, 2015. The company was established through the reorganization of the Azerbaijan Mortgage Fund under the Central Bank.

The company’s task is to attract local and foreign financial resources for mortgage lending, as well as provide the population with houses by creating a long-term mortgage lending mechanism.

Azerbaijan’s banking sector

The economic cycles, seasonal factors and the attitude of investors, dictated by a variety of causes, impact on the dynamics of deposits.

As of December 1, 2016, the total amount of deposits of physical and legal entities drawn by the Azerbaijani credit organizations amounted to 22,651.2 million manat.

The deposit base of banks increased by 1.9 percent in November 2016, decreased by 3.3 percent in January-November 2016 and increased by 28.7 percent per annum.

The amount of deposits in the Azerbaijani national currency – manat reached 5,530.7 million manat in January-November 2016.

Some 2,675.1 million manat accounted for demand deposits, 2,855.6 million manat - term deposits, the report said.

According to the report, the deposits in freely convertible currency reached 17,120.4 million manat including 5,054.9 million manat - demand deposits, 12,065.5 million manat - term deposits.

Thus, as of December 2016, 24.5 percent accounted for the deposits in manat, 75.5 percent of the total deposit base of banks accounted for foreign currency, which is equal to the corresponding indices as of November 1, 2016.

According to the report, the physical entities' deposits reached 7,605.8 million manat in November 2016.

Most of the physical entities' deposits accounted for the ones in the foreign currency – 81.2 percent or 6,175.3 million manat, the report said.

According to the report, the population’s deposits increased by 2.6 percent for the month and by 7.3 percent per annum.

The total volume of the legal entities’ deposits in Azerbaijani banks reached 15,045.3 million manat or by 10,509.4 million manat (43.2 percent) more than in November 2015, the report said.

As of early December 2016, the amount of the Azerbaijani financial organizations’ deposits reached 5,602.2 million manat compared to 5,036.7 million manat in November 2015.

The amount of the Azerbaijani non-financial organizations’ deposits reached 9,443.1 million manat compared to 5,472.7 million manat in November 2015.

The population’s bank deposits in Azerbaijani districts (except for Baku) totaled 505.14 million manat in January-November 2016, that is, 6.6 percent of all deposits, the report said.

According to the CBA report, the share of bank deposits in districts was 7.5 percent (530.58 million manat) in the same period of 2015.

As of early December 2016, the amount of deposits in Baku amounted to 7.1 billion manat, while the deposits in the national currency - 1.17 billion manat.

According to the report, the foreign currency savings of the residents of Azerbaijani districts amounted to almost 244.8 million manat or 48.5 percent of all deposits in the banks in the districts in the reporting period.

For comparison, this figure amounted to 267.2 million manat in November 2015 or 50.35 percent of total deposits in the districts.

As of November 2016, the average annual deposit rate throughout the country and Baku reached 4.8 percent.

Distribution of bank deposits in Azerbaijani districts:

Districts

Amount of deposits (thousand manat)

Average interest rate (%)

Absheron

161133,0

6,0

Aran

86957,5

4,3

Mountain Shirvan

13401,0

4,9

Ganja-Gazakh

108251,7

5,5

Guba-Khachmaz

32738,6

5,8

Lankaran

35448,8

6,0

Seki-Zagatala

31003,3

4,0

Upper-Karabakh

7842,5

2,7

Kalbajar-Lachin

22,3

10,8

Nakhchivan

28 348,3

2,4

The average interest rate on deposits in Azerbaijani banks increased in national currency and decreased in foreign currency in November 2016 compared to October, the report said.

The average rate on deposits in manat amounted to 6.36 percent in November 2016 compared to 6.31 percent in October 2016 and 8.33 percent in November 2015.

The average rate on deposits in foreign currency amounted to 4.68 percent in November 2016 compared to 4.72 percent in October 2016 and 8.25 percent in November 2015.

The banks drew deposits of legal entities in manat in the amount of 3.79 percent per annum in November 2016 compared to 5.80 percent in November 2015.

The funds on the accounts denominated in the foreign currency brought 3.2 percent to legal entities in November 2016, 3.2 percent in October 2016 and 4.97 percent in November 2015.

As of December 1, 2016, the average interest rate on deposits of physical entities in manat made up 10.18 percent compared to 10.09 percent as of November 1 and 9.33 percent as of December 1, 2015.

The interest rates on deposits of physical entities in foreign currency are as follows: 5.60 percent in November 2016, 5.64 percent in October 2016 and 9 percent in November 2015.

Financial activity of banks

Some 32 banks, including two state-owned ones, operate in Azerbaijan.

The capitalization of Azerbaijani banking sector amounted to almost 2.3 billion manat as of November 2016.

According to Azerbaijan’s Financial Market Supervisory Authority’s report, as of late October, the figure was 2.58 billion manat, while 1.685 billion manat as of late September.

The assets of the sector amounted to almost 31.87 billion manat as of late November compared to 31.19 billion manat as of late October and nearly 31.07 billion manat - as of late September.

The cash, left in the banks as of November, amounted to 1.17 billion manat (1.3 billion manat in October and 1.2 billion manat in September), while investments in securities - 409.9 million manat (356.8 million manat and 270.7 million manat, respectively).

The loss of the banking sector amounted to 1.27 billion manat in the reporting period.

The banks' liabilities to the CBA in November amounted to nearly 1.7 billion manat, decreasing by 213.6 million manat since September.

Liabilities of local banks to the Central Bank of Azerbaijan (CBA) increased by 49.4 percent during the year and amounted to 7.3 billion Azerbaijani manat as of Dec. 1, 2016.

The volume of liabilities increased by 36.2 percent as compared to the figure for early 2016, and decreased by 2.5 percent during November.

Liabilities of commercial banks to the CBA totaled 4.9 billion manat in January-November 2015, they amounted to 5.3 billion manat in early 2016 and 7.5 billion manat in late October.

The increase of liabilities is related to the attraction of additional funds from the CBA to keep their liquidity after manat’s devaluation (manat’s rate decreased by almost 100 percent during 2015).

The volume of CBA’s foreign liabilities remained unchanged during November and amounted to 2.2 million manat.

Official international reserves of the regulator decreased by 35.8 percent – from $6.2 billion to $4 billion during the year.

During the period, net liabilities of the CBA to the Azerbaijani government decreased by 2.4 percent and totaled 6 billion manat. The volume of net liabilities of the CBA to the Azerbaijani government amounted to 6.2 billion manat in January-November 2015.

Azerbaijani banks sold $171.61 million in November 2016. According to the CBA report, the sale of dollars decreased by 32.4 percent compared to October 2016, while decreased by almost 3.5 times compared to November 2015.

The banks bought $122.07 million in November 2016, which is 23.4 percent less than in October and 41.2 percent less than in November 2015.

Volume of foreign exchange operations in November 2016

Currency

Purchase (thousand standard unit)

Sale (thousand standard unit)

US dollar

122 071,8

171 613,9

pound sterling

258

5 531,4

euro

16 734,5

41 857

Russian ruble

938 029,7

169 692

The amount of pounds sterling purchased by banks decreased by 2.5 times compared to October 2016 and increased by 2.74 times compared to November 2015.

The amount of pounds sterling sold by the banks increased by 33.6 percent for the month and by 41.6 percent compared to November 2015.

The banks increased the purchase of euros twofold in November 2016 compared to October 2016 and decreased by 30.5 percent compared to November 2015. The banks decreased the sale of euros by almost 38.8 percent for the month. The index decreased by over twofold for the year.

The banks decreased the purchase of Russian rubles by 10.3 percent for the month, while their volume increased by 34.4 percent compared to November 2015.

The banks decreased the sale of Russian rubles for the month by 13.6 percent and by 0.14 percent for the year.

There are 32 banks, including two state-owned banks, in Azerbaijan. The client base of Azerbaijani banks increased by 0.4 percent as of late November 2016 compared to October, decreased by 5.9 percent compared to late November 2015 and amounted to more than 5.33 million people.

According to the report, most of the clients (98.7 percent) accounted for physical entities, including 171,080 entrepreneurs. The rest clients (69,620 people) accounted for legal entities.

During the reporting period, the number of client accounts of commercial banks in the country also increased by 0.4 percent compared to October 2016 and amounted to about 15.17 million.

During the year their number decreased by 5.8 percent. However, around 82 percent of client accounts (12.43 million accounts) accounted for current accounts.

Some 99 percent (12.3 million accounts) in the structure of current accounts accounted for the current accounts of physical entities, while 168,540 accounts belong to the entrepreneurs. The rest current accounts belong to the legal entities.

As of late November 2015, the number of credit client accounts decreased by 0.6 percent for the month. The number of credit client accounts decreased by 25.4 percent for the year and amounted to about 2.35 million.

The number of debit accounts in the reporting period amounted to 386,350, which is 0.9 percent less than as of late October 2016 and by 16 percent compared to November 2015.

Payment card market

The total turnover on payment cards via ATMs and POS-terminals amounted to 1.10 billion manat in Azerbaijan in November 2016 or by 12.6 percent more than in November 2015. According to the report, the total number of transactions with payment cards reached almost 7,237,000 units increasing by 5.3 percent for the year.

The number of transactions on debit cards reached 6.34 million units totaling 957 million manat in the country and beyond the country during the reporting period. Of the total number of transactions, 4.5 million transactions amounting to 812 million manat were implemented on debit cards via ATMs within the country, and around 755,000 transactions amounting to 83 million manat via POS-terminals.

As much as 897,000 transactions worth 142 million manat were made on credit cards in the country and beyond the country in November 2016.

Of the total number of transactions on credit cards, 175,000 transactions worth 50 million manat were implemented via ATMs and there were 317,000 transactions worth 37 million manat via POS-terminals.

The number of payment cards in Azerbaijan decreased by 6 percent in November 2016 and reached up to 5,338,000 units compared to November 2015.

Of the total number of cards, 4,668,000 units accounted for debit cards, in particular, 2,516,000 - social cards, 1,513,000 - salary cards, 639,000 - other cards. The number of credit cards was 670,000.

As of December 1, 2016, as many as 2,450 ATMs operated in the country of which 1,322 are located in Baku and 1,128 in other cities and districts of the country. The total number decreased by 245 units or 9.1 percent for the year compared to November 2015.

The number of POS-terminals amounted to 73,175 units of which 40,543 are installed in Baku and 32,632 units in other cities and districts as of late November 2016.

The number of POS-terminals has decreased by 3,035 units or 4 percent for the year.

Stock market

The total turnover of exchange transactions on all instruments at the Baku Stock Exchange reached 5.21 billion manat in January-November 2016, that is, 36.8 less than in the same period of 2015. The volume of the state securities market totaled 685.12 million manat (33.4 times increase for the year), while the turnover of corporate securities market reached 398.17 million manat (5.4 times decrease). The volume of derivatives market reached 4.13 billion manat (31.7 percent decrease).

Comparative table on the trades results in the state and corporate sectors at the Baku Stock Exchange:

Market segments

Jan.-Nov. 2016

Jan.-Nov. 2015

Volume of transactions (AZN)

Number of deals

Volume of transactions (AZN)

Number of deals

I. State Securities Market

685 118 050,33

238

20 541 583,90

16

State bonds of finance ministry

524 720 125,40

224

20 541 583,90

16

Initial placement

380 588 695,43

173

0

0

secondary market

144 131 429,97

51

20 541 583,90

16

Notes (Central Bank)

160 397 924,93

14

0

0

Initial placement

160 397 924,93

14

0

0

secondary market

-

-

0

0

II. Market of shares

117 663 353,85

1 905

276 356 350,85

3323

Initial placement

114 681 000,00

16

266 703 390,35

111

secondary market

2 982 353,85

1 889

9 652 960,50

3212

III. Debt market

278 438 668,86

562

1 771 817 859,25

625

Mortgage bonds (Initial placement)

-

-

41 333 586,00

10

Mortgage bonds (secondary market)

26 639 576,70

12

1 477 905 330,15

191

Other corporate bonds

(initial placement)

168 990 229,45

467

19 763 407,52

72

Other corporate bonds

(secondary market)

82 808 862,71

83

232 815 535,58

352

- including market makers

-

-

207 864 889,80

256

IV. REPO transactions

2 064 763,58

2

119 759 375,00

111

Repo transactions of the Central Bank

-

-

32 217 600,76

30

Other repo transactions

2 064 763,58

2

87 541 774,24

81

V. Derivatives market

4 126 677 196,82

41 151

6 047 304 217,28

46841

- currency

3 864 013 134

35 920

5 953 801 019,68

41641

- goods

262 664 063

5 231

93 503 197,60

5200

Total

5 209 962 033,44

43 858,00

8 235 779 386,28

50 916,00

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Twitter, TikTok held preliminary talks about potential combination: WSJ
Brazil surpasses 100,000 deaths, 3 mln cases of COVID-19
Trump signs orders to extend certain COVID-19 relief after Congress fails to reach deal
Turkey reports 1,172 new COVID-19 cases, 239,622 in total
Czech apartment fire kills 11, including three children
Moscow's death toll from confirmed coronavirus cases rises by 12 to 4,572 - crisis center
WHO reports one-day surge in coronavirus cases by over 284,000
Plane crashes in Portuguese-Spanish joint fire operation, one killed
Lebanese PM says only way out of crisis is holding early elections: statement
Over 230 injured in Beirut protests - Lebanese Red Cross Society
Ireland reports highest number of new COVID-19 cases since early May
Beirut explosion death toll rises to 158, over 6,000 injured: Health ministry
Android goes on being most popular operation system in Azerbaijan
Turkey records decline in carpet export in 1H2020
Official: Epidemiological situation in Georgia is manageable and under control
Iranian mayors express readiness to help Beirut after blast
Kazakhstan sends military medical team to Lebanon after Beirut blast
Protesters storm Lebanon's Foreign Ministry
Oil spill threatens ecological disaster as Mauritius declares emergency
Belarus reports 124 new COVID-19 cases, total reaches 68,738
Azerbaijani president congratulates president of Singapore
Azerbaijani MFA: Armenia is making attempts to illegally resettle Armenians from Middle East to Azerbaijan's Nagorno-Karabakh and adjacent regions
Iran declares amount of funds to be paid for construction of Ardabil-Mianeh railway
Iran Red Crescent delivers 15 tons of food to Lebanon Red Cross
Turkey to allocate Port of Mersin for Beirut's use, top Turkish official says
PM Gakharia: Georgia ready for NATO membership
Libya reports 200 new COVID-19 cases
Weekly review of Azerbaijani currency market (Aug. 3-7)
Iran announces balance of bank loans
Total COVID-19 recoveries number exceeds 30,000 in Azerbaijan
Uzbekistan's capital to establish co-op with Japan's Nagoya city
Georgia becomes net importer of apples in 2019/2020 season
Iran's parliament to review stock exchange, foreign currency rates
Ferrero to purchase hazelnuts from Georgian Hazelnut Producers Association
Number of trucks under repair in Iran announced
Weekly review of Azerbaijan's precious metals market (July 31-August 7)
Uzbekistan drills new well at gas field in country's Bukhara region
Turkmengas announces tender for purchase of electrical equipment
Turkmenistan’s Oil Refineries Complex opens tender for gasoline purchase
Kazakhstan, Switzerland trade turnover plummets during COVID-19
Azerbaijan's fund reveals amount of compensations paid to depositors of liquidated banks
Transit-oriented development centers to be established in Iran
France becomes main supplier of natural butter to Uzbekistan
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