Economics - 2015
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State Oil Company of Azerbaijan (SOCAR) published the statistics of hydrocarbon production in January 2015.According to this information, in January 2015 the country extracted 2,496,000,000 cub.m. of...
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The Head of State ordered on 26 February to establish the Mingechevir Industrial Park. Prior to that, in 2011-2012 the state created Balakhani Industrial Park, Sumgayit Chemical and Industrial Park (S...
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This year, the Chinese yuan may be included in the currency basket of the State Oil Fund (SOFAR), as the head of SOFAR, Shahmar Movsumov told reporters.According to him, all the assets of the Fund, in...
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The surplus of the Central Bank of AR in the currency market reduced 17.2 times ($ 142.8 million) last year In comparison with 2013 ($ 2 billion 457 million).According to the CBA review of the monetar...
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Leading experts in the field of economy regard the decision of the Central Bank of Azerbaijan dated February 21, the devaluation of the manat, erroneous and far-reaching, negative consequences. This i...
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The Information Technology Center (ITC) of the Ministry of Communications and High Technologies of Azerbaijan proposed the creation of an internal Internet network or Intranet in Azerbaijan.According...
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JSC Access Bank started to accept payment on credits through the terminals MilliOn.According to the bank, customers can repay loans at any time of the day without going to the bank, and the payment ca...
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The non-bank credit organization FINOKOBOKT has begun placement of bonds amounting to $ 750 thousand.According to the Baku Stock Exchange (BSE), the upcoming issue is divided into 750 securities with...
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In January 2015 SOCAR had a slight decline of oil production.According to SOCAR’s statistics, in January 2015 it extracted 712,300 tons of oil, down 0.5% against January 2014.In January 2015 oil produ...
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Approximately 30% of last year's growth of the non-oil sector of Azerbaijan was ensured by construction within the investment, including capital expenditures of the state budget and extrabudgetary fun...
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By the decree of President Ilham Aliyev on 26 February the Mingechevir High-Tech Park ic established in order to enhance the innovative and high-tech industries based on modern scientific and technolo...
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Today at Baku Stock Exchange starts placement of bonds of Finance Leasing. The Listing Committee of the Stock Exchange included securities of the leasing company in the standard (second) level listing...
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In the past year, the official consumer confidence index fell to 23.8 points against 25 for the second and third quarters of last year. For comparison - in the Middle East and even in Africa it ranges...
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Azerbaijan's strategic currency reserves decreased 4.3% or $ 2.3 billion in the last quarter of 2014, but in the fiscal cycle they increased 2.4%, amounting to $ 51.4 billion by January 1, 2015.Accord...
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Private banks have attracted a large number of loans in foreign currency and are subject to losses on short currency positions, the press release from the international agency Fitch Ratings says.In ot...
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The Ministry of Taxes has announced the signing of three agreements on the implementation of procurement totaling 786,610 manat. Suppliers of the goods and services are two companies within the framew...









