Economics - 2016
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Azerbaijan is still a high level of mobile phones per capita. According to the Ministry of Communications and High-Tech, for every 100 people there are 108 mobile phone users in the country. In additi...
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The assets of the only local reinsurance company AzReTekrarsigorta were at the level of 98 million 691.09 thousand manats as of 1 January of the year (+ 17.1% YoY), and the liabilities - 29 million 17...
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On the Azerbaijan balance of payments statistics the Central Bank says $ 7.5 billion of foreign direct investment into the local economy in the last year (minus 6.2% for the year with an investment at...
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According to the statistics of the balance of payments, accounted by the Central Bank of Azerbaijan, last year predictions about its current account surplus ($ 500 million) did not come true. In contr...
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In 2015, Azerbaijan imported from Ecuador 19.6 thousand tons of bananas. Compared to previous years, the import of bananas increased 2.5 times. However, this is not the highest figure in recent years....
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The Central Bank of Azerbaijan has published a quotation tender for purchase of computers and spare parts for communications equipment. Applicants must submit a package of proposals, duly stamped...
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On March 31, tariffs for freight transportation via Baku-Turkmenbashi-Baku reduced by 20%. According to the information on the site of CJSC Azerbaijan Caspian Shipping Company, it will strengthen...
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Formation of the audit institution and the financial sector meeting the modern and advanced European standards is one of the priority tasks of the Financial Market Control House. On March 30, at the f...
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The Nakhchivan Automobile Plant (NAZ) continues to work normally and ordered in China around 500 Lifan passenger cars. This was reported by the plant’s local media director Musa Abdullayev. He sai...
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JSC Bank BTB has attracted 8.5 million US dollars to the total capital through the placement of subordinated debt obligations (bonds), which acquired the investor, the bank's press-service. The de...
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The Asian Development Bank (ADB) in the annual report Asian Development Outlook (ADO 2016) predicts this year's deficit of Azerbaijan's payment balance of 0.6% of GDP and only next year it will find a...
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Last year the insurance company Baki Sigorta reduced the assets to 12,208,048 manats (minus 7.6% as of 1 January), and the obligations reduced to 3,412,093 manats (minus 42.5%), the financial statemen...
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President Ilham Aliyev appointed Ilgar Nazim Oglu Muradov member of the Board of Directors of the Financial Market Control House (FMCH) on March 29. That same day, Ibrahim Asad Oglu Alyshov was ap...
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The State Oil Fund of Azerbaijan (SOFAZ) through three auctions organized by the CBA in March sold banks $ 482.25 million. According to SOFAZ, the last auction took place today, where $100 million...
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On March 28 the World Bank Board of Directors approved a loan agreement with the government of Azerbaijan on extra financing for construction of the main highway Baku - Shamakhi. This project i...
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In order to provide the people with water measuring devices, President Ilham Aliyev has ordered to allocate 12 million manats. The funds have been allocated to JSC Azersu from the Reserve Fund of t...
