Economics - 2016
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There is a close political dialogue between Baku and Berlin , said Azerbaijani Foreign Minister Elmar Mammadyarov at a meeting with German counterpart Walter Steinmeier. Successive measures f...
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The Azerbaijani Central Bank (CBA) has once again lowered the rate of the manat to the US dollar, and established it for f July 1 at the level of AZN 1.5425. At present the rate of the manat...
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Reports for 2016 and 2017 on Azerbaijan's participation in the Extractive Industries Transparency Initiative (EITI) will be prepared by the international audit company Moore Stephens. Provision of...
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Baku / 30.06.16 / Turan Ernst & Young conducted an audit of the Report on the sustainable development of the Azerbaijan Caspian Shipping Company (CSC) and gave a positive opinion. The report (...
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At the end of 2015 Uni Bank suffered losses amounting to 22.3 million AZN. At the same time the operating profit for the year reached 85.5 million AZN. According to the report (https://goo.gl/7...
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Azerbaijan is not ready for the transition to fully digital broadcasting. The Deputy Minister of Communications and High Technologies Elmir Velizadeh told the media the digital broadcast signal covers...
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From July 1, 2015 until June 30, 2016, the World Bank (WB) provided the Azerbaijani government about $ 207 million of loans (minus $ 93 million to the past financial cycle). As stated in the repor...
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BP-Azerbaijan company is interested in the schedule of use of SOCAR’s new sixth generation semi-submersible drilling rig, which will be put into operation in early quarter 2, 2016, a source from S...
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On the territory of the Sumgayit chemical-industrial park (SCHIP) a plant will be built to produce pesticides - plant protection agents. As Turan was told in the press service of the Ministry o...
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In quarter 1, 2016 SOCAR Gas (SOCAR’s daughter company SOCAR Turkey Energy) sold 330.4 mcm of gas to the amount of $84.2 million at Turkey’s local market, Vagif Aliyev, chief of SOCAR’s Investments...
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The Azerbaijani Central Bank (CBA) published the exchange rates for 30 June. The rate is set at 1,54 AZN. On June 29 the official dollar exchange rate was 1.5363. The rate of manat against the dolla...
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The state-run JSC Azeravtoyol has undergone structural reforms, according to which of the 110 units 96 have become independent, which will continue their activities in the new organizational-legal for...
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The company AzVirt published the annual report for 2015, according to which, it had a net profit of about 9 million AZN. At the same time profits were made not at the expense of core operating activit...
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The President of Azerbaijan has ordered on the approval of amendments to the Tax Code of the Azerbaijan Republic. Judging by the text of the document, half of the financial penalties levied to the...
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In connection with the expiration of the life of three escalators in the first entrance hall of the 20 January metro station, from July 1 the station's hall will be closed, while the second entrance h...
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The reason for the temporary suspension of Baltika Baku beer production, along with the fall in sales, is due to lower purchasing power of the population and a change in the legislation. Turan was tol...








