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Azerbaijan sees surge in turnover via next-gen cash registers

Finance Materials 14 January 2025 10:05 (UTC +04:00)
Azerbaijan sees surge in turnover via next-gen cash registers
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 14. Azerbaijan's turnover via innovative cash register technology surpassed 24.5 billion manat ($14.4 billion) from January through December 2024.

Data obtained by Trend from the State Tax Service under the Azerbaijani Ministry of Economy shows this figure experienced a 12 percent year-over-year growth.

As of January 1, 2025, a whopping 104,019 new-generation cash registers have been rolled out in trade and service facilities across the nation.

Their installation has been a step-by-step journey since the second quarter of 2019.

To note, the turnover through new-generation cash registers almost reached 22 billion manat ($12.94 billion) in 2023, which is an increase of 14.2 percent.

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