Factoring is an important tool for small businesses where a lack of collateral can be a serious obstacle to growth. This service contributes to the development of local economies.

The banking sector reported a net profit of 212.696 million lari ($72.1 million) compared with 113.368 million lari in January 2021.

In nominal terms, gross domestic product (GDP) was 6.983 billion drams ($13.9 billion), the State Statistics Committee said.

The field has been developed by Azerbaijan's state energy firm SOCAR and France's TotalEnergies (formerly known as TOTAL) since 2016.

Production at the factory in Ditsi was delayed for a year and a half as the boundary line between Georgian-controlled territory and the breakaway region of South Ossetia runs through the village.