Economics - 2014
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In the last six years, after the last crisis of 2008, food prices increased on average by 19.3%.The rise in prices is as follows, in 2009 (-14.6%), 2010 (+ 9%), in 2011 (+ 4.3%), in 2012 (+ 2.1%), in...
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By the decision of the Central Bank of Azerbaijan dated December 30, a banking license was granted to Ziraat Bank Azerbaycan.Thus, in fact 44 banks have licenses.According to the Ministry of Taxes, a...
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Today Milli Majlis passed a bill on amendments and additions to the Tax Code. In 2015 the government will introduce higher excise rates on a number of consumer products, an excise duty on gold, platin...
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In preparation for the first European Games Baku-2015 Bank VTB Azerbaijan provided a loan of AZN 7 million to the company Safa Trans for the purchase of 50 new buses.The first 25 buses have already be...
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The Central Bank of Azerbaijan issued a statement on the main directions of monetary and fiscal policy in 2015. Given the important role in maintaining social welfare and investment activity, stabilit...
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BSE has provided certificates to 29 persons who have been recognized authorized traders for 14 members of the Exchange for the implementation of trade for the purchase and sale of securities.According...
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Oil prices show a negative trend amid fears of investors about the overabundance of extraction. The cost of North Sea Brent crude oil as of 10:45 Moscow Time was reduced to $ 57.07 per barrel. This is...
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On 29 December, the Committee on Economic Policy of the Milli Majlis considered amendments to the Tax Code of Azerbaijan, providing for the abolition of the zero income tax on individual deposits.The...
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Turan Bank signed a loan agreement with the International Finance Corporation (IFC), regarding a sum of $ 7,000,000 to further expand the portfolio of finance for micro, small and medium enterprises (...
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Baku Steel Company Ltd. (BSC) has signed with the company Danieli (Italy) a contract for the purchase of production equipment, the use of which will reduce the use of scrap in steelmaking to 20%."The...
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The year 2014 in terms of socio-economic processes can be characterized as a continuation of the previous year and the establishment of the foundation of 2015.The government led a rigid exchange rate...
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Azerbaijan has confirmed the State Program (SP) on the development of industry in 2015-2020, the implementation of which will make industry the main engine of economic growth.The program provides for...
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A new administrative building of the State Oil Fund of the Azerbaijan Republic (SOFAR) was opened with the participation of President Ilham Aliyev today.The new building has a conference room, a winte...
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By December 1, 22,112 foreign migrant workers were registered.According to the State Social Protection Fund (SSPF) in January-November, the number of people registered in the individual registration s...
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Azerbaijan Investment Company (AIC) has left the structure of shareholders at LLC Agstafa Agroservice. The deal to sell 25% stake in the company has not been however reported.On the updated website of...
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President Ilham Aliyev has ordered to allocate AZN 21.5 million from the Reserve Fund of the President in the state budget for 2014 for the drilling of artesian wells. This is the second such decision...















