In January 2017 foreign exchange reserves of the Central Bank of Azerbaijan in comparison with the same period last year decreased by 0.01%, or 71 million 300 thousand dollars, amounting to 4 billion 327 million 200 thousand dollars.
According to Turan, in January 2017, foreign exchange reserves of the Central Bank in the past month increased by 0.09%, or 352 million 800 thousand dollars.
In general, for the fourth quarter of 2016 the Central Bank's foreign exchange reserves decreased by 158 million 300 thousand dollars, or 0.04%, down from 4 billion 132.7 million to 3 billion 974.4 million dollars. 71D-
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
-
Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
Leave a review