Economics - 2010
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`CBA has predicted the average annual inflation of 5-6% for 2010,` the bank"s Head Director, Khagani Abdullayev, told the media. He said external factors had mainly caused the consumer prices to...
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Azerbaijan"s strategic currency reserves totaled $23.8 billion as of July 1, 2010 (+$5 billion against July 1, 2009). The head of CBA, Khagani Abdullayev, said the positive balance of current ope...
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Azerbaijan"s state budget of 2011 has been prepared by econometric modeling for the first time. This presumes three basic scenarios. The Deputy Finance Minister, Azer Bayramov, told Turan modelin...
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Georgia"s electricity supply managers recognized on Rustavi-2 TV that the electricity supplies in many regions of their country that stopped on August 27 were restored, owing to the electricity s...
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Azerbaijan increased its gas supplies to Turkey by 15% at BOTAS Company"s request last week. The Turkish market is short of gas since the supplies of Iranian gas stopped because of the explosion...
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RWE from Germany signed an agreement on cooperation with the Iraqi Kurdistan government last Friday. According to this, the region will supply gas for the Nabucco pipeline project. The appropriat...
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A plant of Azerkimya Production Union (SOCAR"s chemical industry entity) has produced a water purification machine (Topas) for the first time. TOPAL Water from the Czech Republic projected the fa...
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Asgar Soelipor, a functionary from Iran"s National Gas Export Company, stated the gas import from Azerbaijan into Iran would rise from 1 million to 2.5 million m3 per day. He said the Azerbaijan-...
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Azerbaijan is on the fourth place among the countries, where use of internet is dangerous, reads the report of the AVG corporation, maker of antivirus programs, released on Monday. AVG was establ...
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Azerbaijan has been included the list of third countries exporting caviar to European Union. Moreover, local twinning-project `Providing quality and safety of food in Azerbaijan, and support of l...
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Over seven months of 2010 the MBASK insurance company has collected 4,31 million AZN premiums, what I close to the past year level. The log on the results of first six months was 250,000 AZN, and...
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Central Bank Of Azerbaijan (CBA) stated that conservatism in the credit behavior of banks continued in the first half of 2010, despite the incase of credit portfolio by 3,9%. ` careful approach o...
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Bank system"s capitalization increased in the first half of 2010, and income reduced considerably. Authorized capital in Azerbaijan"s banks increased in the first half of the year by 146,8 mi...
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SOCAR is upgrading the Astara gas compressor station on the schedule. The station currently lets Azerbaijan supply 1-1.2 million m3 of gas per day to Iran now. The upgrading will let Azerbaijan s...
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Oil and oil derivatives made up 67.1% of Azerbaijan"s sea cargo transported in January-July 2010. The index decreased 22.6% against January-July 2009 and made up 4,279,600 tons. The cargo turnove...
