Economics - 2014
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JSC Bank Avrasiya intends to increase its share capital by a quarter. The goal is to bring it up to the required level (50 million manat) by the Central Bank of Azerbaijan.According to the State Secur...
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The former President of Azpetrol Holding Rafig Aliyev sold his stake in two packages at Bank of Baku. The transaction took place on the Baku Stock Exchange on December 25.According to the BSE, on the...
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Acting. President of the local mobile operator Azercell Telecom Cyril Gaburici announced his intention to leave the company in connection with the termination of the employment contract. He decided to...
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Azerbaijani Methanol Company (AzMeCo) has exported to world markets 100,000 tons of methanol produced since August 2014, the company said. The company's revenue is not reported.Methanol was delivered...
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1 January 2015 there is a deadline for tax breaks for investors, operating since 1999. The country's parliament has not extended the exemption from 10% tax on bank deposits.Economists estimate that th...
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Since New Year another big company will start layoff of its staff in Azerbaijan.The sources from the oil industry told Turan that since January 2015 Statoil Azerbaijan plans to lay off 50% of its empl...
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By the decree of President Ilham Aliyev on December 22, the powers of local authorities have been expanded. Now they control the citizens' rigorous payment of the insurance fees for insurance of apart...
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SOCAR plans to borrow a credit from the Central Bank of Azerbaijan (CBA) to fund construction of the Phase 1 of the oil and gas refining and petrochemical complex (OGPC) in Baku, Suleyman Gasymov, SOC...
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The Closed Joint Stock Company Canub Qaz Dehlizi (Southern Gas Corridor) with 100% government capital in the next year will receive from the Ministry of Finance 1 341 200 000 manat or just over $ 1.7...
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Built on the eve of the musical contest Eurovision-2012, the sports complex Baku Crystal Hall will receive AZN 2 million from the state budget in 2015. This was identified by the head of state, who si...
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Local Kovsar Bank, which cannot (or does not want) to bring the level of the authorized capital up to the requirements of the Central Bank for many years has sought the reserves on the eve of 2015. To...
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The Head of State approved the amendments to the law "On compulsory types of insurance," according to the official press.The innovation is intended to regulate issues related to the local device secur...
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Today was a press conference of the Chairman of the Board of JSC VTB Bank (Azerbaijan), Yuri Yakovlev, in which he announced the intention to triple its mortgage portfolio in the next financial year.A...
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The consortium of the trans Anadolu gas pipeline (TANAP) has selected the contractors of construction of the gas pipeline, reported Turkish DHA agency on Tuesday.The winners of the tender are Fernas I...
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As has been already reported, SOCAR and BP have signed the production sharing agreement (PSA) to conduct joint geological exploration works on the potentially perspective fields on the shallow section...
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The insurance company GunaySigorta intends to bring its charter capital up to 7.7 million manat. Increase in the financial muscle by 42.6% will be possible as a result of additional issue of shares of...









