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If Turan Leaves…
SOCAR implements the Leucipa digital program to optimize production
Azerbaijan produced an average of 454 thousand barrels of crude oil at the beginning of 2025
Azerbaijan reduced gas exports by 300 million cubic meters in January
Azerbaijan’s oil exports decreased by 100 thousand tons in January
The number of Azerbaijani citizens employed by BP-Azerbaijan increased by 60 people in 2024
In January, consumers in Azerbaijan purchased automobile fuel worth 271 million manats
Georgia reduced gasoline imports from Russia in 2024
OPEC maintains its oil demand growth forecast
U.S. expects Brent oil price of $74.5 per barrel in 2025
Five EU countries paid €1.2 billion for energy resource supplies from Russia in January
OPEC: $10 trillion spent on the energy transition
U.S. Oil Stocks Increased by 4.07 Million Barrels in a Week
European Gas Prices Fell After Putin-Trump Phone Call
Moldova Closes the "Russian House" in Chișinău
Home page
Economics
Economics
Economics News
29 February 2016
"Southern Gas Corridor" , yet without Iran and Turkmenistan
The Southern Gas Corridor is planning to expand
Azerbaijan to increase gas supplies to Georgia
Import of wheat increased by 13.2%
In February, Banks Bought More Foreign Currency
Growing Burden of Presidential Powers
Banks Purchase Foreign Currency for Equivalent of $ 60 Million
Government Decision Increases Authorized Capital of JSC Azerishyg
Meeting of Advisory Board of Southern Gas Corridor
Fitch Ratings has downgraded Azerbaijan’s Long-term foreign and local currency Issuer Default Ratings to ’BB+’ from ’BBB-’.
Economics News
27 February 2016
Azerbaijan Credit Rating Cut to Junk by Fitch on Oil Rout Impact
Fitch Downgrades Credit Rating of Azerbaijan to BB+
Mud Can Become Source of Beauty and Income
Lottery Business "Classified"
Government Starts to Implement Three New International Projects
SOCAR Managers Obliged to Report on Their Grandparents’ Assets
Azerbaijan: Unemployment Rises as Economy Teeters
Economics News
26 February 2016
The central bank limits information on the foreign exchange auction
AIC Conceals Proceeds from Sale of Shares in JSC Holcim (Azerbaijan)
Elman Rustamov Assures Third Devaluation Not to Happen
Another bank becomes bankrupt
office opened in Baku FAO
Prices on imported butter decreased by 36.5%
In 2015 about 3.2 bcm of gas from Shah Deniz handed over to SOCAR
Metropoliten, as a social activity detector
SOCAR to restore production on offshore platform No 10 at the end of the year
Economics News
25 February 2016
Azerbaijan resumes oil transit via Russia
AXA MBASK offers vacancies
The depositors of failed banks have received compensation amounting to more than 63 million AZN.
Economics News
24 February 2016
Volume of Remittances to Azerbaijan Reduced
SOCAR Trading intends to resume trade relationships with Iran
Dollarization of Deposits Seen from CBA
SOCAR Trading aimed at trading operations at the US oil market
Production of building materials decreased by half
Top quality network, best Customer Experience and affordable high-speed mobile Internet
Leading Mobile Telecom Operator Waits for Deterioration of Financial Situation
Much of Credit Portfolio of Uni Bank Is Consumer Loans
Passengers No Longer Fly with AZAL
Taxes Ministry Puts Taxpayers’ Property up for Auction
CBA Sold Currency Amounting to $ 8.42 Billion Last Year
From feast to famine in Azerbaijan
Bonus minutes for Bakcell subscribers using MilliÖN for top-up their balance
New Company in Financial Intermediary Market
Not Enough Currency at Today’s Auction
Another contract signed to upgrade SOCAR’s oil refinery
Economics News
23 February 2016
Population Spends More on Consumption
Named Fifth Resident of Sumgait Chemical Industrial Park
After amending the state budget for 2016 oil companies’ proceeds to go down
Industrial Production Fell by 3.1%
Relationships between Iran and Azerbaijan in energy field increasing rapidly, says Iranian Energy Minister
Parliament approves the decision not to charge a 20% fee while transferring currency abroad
Private traders are leaders in communications segment
Limit of the government borrowing increased from four billion to 8.5 billion manats
The bulk of investment in the economy on the account of foreigners
Kaspar is looking for insurer
Recommended to Adopt New Version of State Budget (UPDATED)
AIC Employees to Receive Health Insurance from Pasha Sigorta
Azercell secures leading position in social networks
Compensation to Depositors of Failed Banks Continued
Economics News
22 February 2016
Banks buy record amount of dollars, the US currency becomes more expensive
Azercell secures leading position in Twitter
Local Cigarettes Replace Imported Brands
Rate of GDP Growth in Azerbaijan Negative for First Time
Sabirabad Reinforced Concrete Plant Offered to Investors
Personnel Recruitment and Growth in Pasha Hayat Sigorta
Pasha Sigorta - Leader in Insurance Market in January
In January oil production in Azerbaijan dropped by 4%
Volume of tank gas started going down in Azerbaijan
Economics News
20 February 2016
Public External Debt Increased by 6.4%
Baku-Riga-Baku Flight Opened
«Shortage» of Azerbaijani Customs in Imports from Three Countries Amounts to 1.6 Billion USD
Imports of Vehicles Decreased by Nine Times
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From the editor
Want to say,
14 February, 15:11
1087
If Turan Leaves…
Energy,
14 February, 07:43
368
SOCAR implements the Leucipa digital program to optimize production
Energy,
14 February, 07:41
369
Azerbaijan produced an average of 454 thousand barrels of crude oil at the beginning of 2025
Energy,
14 February, 07:39
358
Azerbaijan reduced gas exports by 300 million cubic meters in January
Energy,
14 February, 07:37
342
Azerbaijan’s oil exports decreased by 100 thousand tons in January
Energy,
14 February, 07:34
348
The number of Azerbaijani citizens employed by BP-Azerbaijan increased by 60 people in 2024
Energy,
14 February, 07:32
320
In January, consumers in Azerbaijan purchased automobile fuel worth 271 million manats
Energy,
14 February, 07:30
338
Georgia reduced gasoline imports from Russia in 2024
Energy,
14 February, 07:28
293
OPEC maintains its oil demand growth forecast
Energy,
14 February, 07:26
320
U.S. expects Brent oil price of $74.5 per barrel in 2025
Energy,
14 February, 07:21
402
Five EU countries paid €1.2 billion for energy resource supplies from Russia in January
Energy,
14 February, 07:20
344
OPEC: $10 trillion spent on the energy transition
Energy,
14 February, 07:18
312
U.S. Oil Stocks Increased by 4.07 Million Barrels in a Week
Energy,
14 February, 07:16
297
European Gas Prices Fell After Putin-Trump Phone Call
Politics,
13 February, 17:40
1320
Moldova Closes the "Russian House" in Chișinău
Politics,
13 February, 17:33
1359
New Head of "Icheri Sheher"
Politics,
13 February, 17:01
1683
The court did not release Shahnaz Beylargizi from detention
Culture,
13 February, 16:10
1105
A Unique Exploration of Climate Change and Storytelling in Baku: A New Documentary Theatre Experience
Economics,
13 February, 14:47
936
Azerbaijan’s Foreign Currency Reserves Surpass External Debt by 14-Fold
Economics,
13 February, 14:07
1171
Hydrocarbon Production in Azerbaijan Decreased in January 2025 — Ministry of Energy
Social,
13 February, 14:02
4603
Appeal to the Readers of the Turan News Agency
Politics,
13 February, 13:59
2143
Azerbaijan to cut ‘Sputnik Azerbaijan’ and BBC editorial staff to minimum
Politics,
13 February, 13:43
1778
MP on deportation of migrants from Russian Federation
Social,
13 February, 13:28
866
Rains are expected
Finance,
13 February, 12:43
1119
Azerbaijan to redeem part of domestic public debt ahead of schedule
Finance,
13 February, 11:53
745
Azerbaijan approves ‘Rules on Operational Risk Management in Banks’
Politics,
13 February, 11:49
1194
Jeyhun Bayramov to attend Munich Security Conference
Politics,
13 February, 11:45
1395
Azerbaijan files lawsuit against Armenia to international arbitration
Politics,
13 February, 11:33
1075
Ilham Aliyev receives credentials of Ambassadors of Paraguay, Belarus and Turkey
Finance,
13 February, 11:22
711
Azerbaijan increases social insurance receipts by nearly 12%
Finance,
13 February, 11:07
647
Azerbaijan's revenues from export of insurance services decline by more than 23%
Finance,
13 February, 10:45
676
'İpək Yolu Sığorta' insurance company convenes shareholders' meeting
Finance,
13 February, 10:43
701
Foreign currencies rates fixed by Central Bank
In World,
13 February, 10:15
372
European powers demand seat at table in Ukraine talks
In World,
13 February, 09:54
289
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
In World,
13 February, 09:43
328
Russia's Putin holds phone call with Syria's Sharaa
In World,
13 February, 09:21
449
Russian spy in Ukraine's anti-terror centre 'caught after being fed false secrets' to send to Moscow
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