Finance
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In 2023, Azerbaijan demonstrated a trend in both attracting foreign direct investment (FDI) and placing domestic investments abroad. According to Friday's briefing by Samir Nasirov, Director of the St...
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The Central Bank of Azerbaijan (CBA) is actively working to increase the role of investment companies in the country's financial sector.
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In the realm of Azerbaijan's financial landscape, a longstanding issue has captured the attention of global economic watchdogs: the pronounced disparity between loan and deposit interest rates within...
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In the realm of global finance, the State Oil Fund of Azerbaijan (SOFAR) is poised to face a notable reduction in its assets, as projected by the International Monetary Fund (IMF).
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In its latest Global Economic Outlook report, the World Bank has highlighted both reduced risks to baseline economic forecasts and persistent geopolitical challenges that could impact long-term prospe...
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In the intricate dance of oil production, global price fluctuations, and the imperative of sustained funding for the State Oil Fund of Azerbaijan (SOFAZ), the Azerbaijani government approaches budget...
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At the meeting of the Milli Majlis, on December 5, the amendments proposed to the Tax Code were adopted in the third reading.
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On December 5, the Milli Majlis (Parliament) of Azerbaijan approved the draft state budget for 2024 with a deficit of 2.2% of GDP with expected revenues of 34 billion 173 million manats (at an oil pri...
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At the meetings of the Milli Majlis held last week for three consecutive days, the State Budget of the Republic of Azerbaijan for 2024 was submitted for discussion in the first reading. After discussi...
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"In Azerbaijan, the bankrupt is being finished off"
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The draft law "On amendments to the Tax Code" is expected to be adopted in Azerbaijan. Discussions on it have already begun in the Milli Majlis.According to the draft law, starting next year, micro-en...
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By the decision of the Board of the Central Bank of Azerbaijan (CBA), the license of “Muganbank” was canceled, the regulator reported on October 19. All the management powers of “Muğanbank,” including...
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According to the Central Bank of Azerbaijan, the most expensive loans to the population (under 19.6%) in Azerbaijan are offered in Shamakhi, Ismayilli, Agsu and Gobustan. Loans at high interest rates....
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By an order signed by President Ilham Aliyev on September 1, Jahangir Asgarov has been relieved of his post as President of Azerbaijan Airlines CJSC. He has headed the state-owned airline since 1996....
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More than 10 thousand dollars cannot be cashed out with plastic cards purchased from Azerbaijani banks during a month of stay abroad. That is, a monthly limit will be set for the cards to withdraw fun...
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Rumors about the merger of AZAL and Buta Airways have already spread in the society. They caused fears that prices will rise, the quality of services will decrease, and AZAL will have the final word,....