Economics - 2016
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JSC International Bank of Azerbaijan has published a financial report for 2015, which passed the audit of Deloitte & Touche. The same auditor gave an unqualified opinion on the previous year, b...
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At the auctions held in May, the State Oil Fund sold $ 269.4 million to commercial banks and $ 162 million to the Central Bank. Compared to April ($ 273.5 million), SOFAZ currency sales to bank...
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The traditional annual international exhibition and conference Caspian Oil and Gas starts in Baku tomorrow. "Although it has been held for the 23rd time, the interest in it is not reduced and i...
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Azerbaijani MPs at today's plenary session approved the state budget for 2015. The final version of the text of the profitable part of the bill was at the level of 17 billion 498 million AZN (90%...
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On termination of the independent activity of the currency exchange points, the income of banks for foreign exchange transactions is rapidly growing. This also contributes to the expansion of the marg...
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Baku hosts an international conference on Multi-sector Cooperation: the Role of Customs in the Economy in Modern Times." According to the Chairman of the State Customs Committee (SCC) of Azerbaija...
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Deputy Economy Minister Niyazi Safarov participated in the Swiss-Azerbaijani Investment Forum. According to him, from 2006 to 2016 Swiss companies have invested $ 550 million into the economy o...
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At a briefing for local journalists the Regional Manager of Uber mobile app (created in San Francisco to find, call and pay a taxi or private driver) for CIS countries Aleksey Stakh said the number of...
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Today the State Oil Fund of Azerbaijan (SOFAZ) through an auction organized by the Central Bank of Azerbaijan sold $ 40 million to three financial institutions. According to SOFAZ, since April it has...
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On May 31 the Baku Stock Exchange held a regular auction on placement of T-bills in the amount of 5 million manats. The maturity is 91 days. Note that the Ministry of Finance at its latest auction...
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Today, with the participation of President Ilham Aliyev an opening ceremony was held for a new administrative building of the State Oil Company of Azerbaijan (SOCAR). The 40-storey building is 200...
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On Friday the Director of the National Iranian Company for oil products Department Hisham Ismail Firuz said that Iran exported jet fuel to Afghanistan, Armenia, Iraq, and would rather have it deliver...
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In the first quarter of this year Azerbaijan imported 4,371.5 tons of bananas from Ecuador. This is 35% less than for the comparable period of 2015. The reasons for reducing the volume of purch...
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SOCAR and German UNIPER (former E.o.N) will create SOCAR-UNIPER joint venture (JV). On May 25, 2016 the sides signed the documents to create JV at the 3rd session of the Coordination Committee...
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The participation in the international exhibition (1-4 June) and Conference Caspian Oil & Gas-2016 has been confirmed by the Special Representative for Trade of the British Prime Minister Baroness Emm...
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The Azerbaijani President Ilham Aliyev appointed Zakir Zaur Oglu Ibrahimov Chairman of the Board of JSC AzerGold on May 26. Zakir Ibrahimov previously held the same position in another state jo...










