Economics - 2016
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The NGO Assistance to Economic Initiatives (AEI) has published an opinion on the state budget for 2017, which also reflected the recommendations. According to the expert group of the organizati...
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A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on December 29, 2016. The meeting chaired by Mr. Artur Rasi-zadeh, Prime Minister of Azerbaijan...
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The law ‘On regulation of tax debts existing as of 1 January 2017’ was adopted at the plenary session of the Milli Majlis (Parliament) on December 30. The law assumes the full write-off of interes...
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The work on the Georgian section of the Baku-Tbilisi-Kars (BTK) railway is nearing completion. According to CJSC Azerbaijani Railways, locomotives operating on diesel fuel have already been run in a t...
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On December 28 President Ilham Aliyev approved the law on the application of the law on the budget for 2017 of the State Social Protection Fund of the Ministry of Labor and Social Protection of the Po...
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The Financial Markets Supervision House has canceled licenses of three insurance companies - Buta Sigorta, International Insurance Company and Azergarant Sigorta. The House canceled the licenses o...
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The Deposit Insurance Fund has compensated depositors of 10 closed banks 721 million 667 thousand manat. The specification is as follows: Para Bank – AZN 42 million 937 thousand (98% of the total amou...
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According to the new rules, not all loans and debts of legal entities owned by the state will have a state guarantee. In the rules newly approved by President Ilham Aliyev on external and domes...
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The strategic roadmap for the development of financial services is a vague document, which is full of pathos and does not reflect reality, the expert in banking Akram Hasanov said. The expert note...
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President Ilham Aliyev instructed the Financial Stability Council to approve and enforce the monetary program for 2017, as well as the plan of measures to ensure macroeconomic and financial stabili...
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The Deposit Insurance Fund compensated the depositors of Bank Standard in the amount of 433 million 892 thousand manat. The population’s deposits in Bank Standard are 603 million manat, of which A...
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LLC Yapi Kredi Invest announced termination of its activities today. Borrowers of this former brokerage company can pay their debts within two months. Yapi Kredi Invest was founded in July 2007 an...
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USD rose on the foreign exchange auction of the Central Bank of Azerbaijan. The auction began with AZN 1.7662 and finished with AZN 1.7707 per USD. Since mid-October, the dollar has been steadily...
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In Tel Aviv, talks were held between the delegations of aviation authorities of Azerbaijan and Israel, during which a draft intergovernmental agreement on air communication between the two countries w...
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Azerbaijani Central Bank has left the dollar for December 29 at the level 1.7662 manats. Currency exchange rates in commercial banks is based on a 4% margin. However, for the second month the...
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The depositors of 10 closed banks have been compensated 721 million 497 thousand manat, the Deposit Insurance Fund said. The specification is as follows: Para Bank – AZN 42 million 916 thousand (98% o...







