Economics - 2015
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The insurance market continued concentration of finance. More than half of premiums (56%) were collected by the top five insurers that have developed relationships with major corporations and are link...
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The three companies specializing in the compulsory insurance and disability from accidents and occupational diseases, by December 1, collected 28.6 million manat of premiums (+3.6% to the same period...
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Azerbaijan Insurers Association (AIA) released the preliminary results of specialized companies in January-November.According to the press attaché of AIA Vafa Rustamova, total premiums in the insuranc...
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JSC Azer-Turk Bank, 75% of whose shares are controlled by the State Committee for Property Affairs of Azerbaijan, today spread information according to which it will cover the losses of the owners of...
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The depreciation of the manat affects its purchasing power. Against the background of general price increase of goods, people are beginning to count the losses due to the devaluation of money, taking...
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The Central Bank of Azerbaijan does not track the actual currency market – on Friday to Monday the exchange offices of commercial banks did not sell dollars. Turan’s correspondent interviewed traders...
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Today, commercial banks imposed a de facto ban on the withdrawal of dollars by using payment cards through ATMs. Turan’s correspondent in an experiment tried in vain to make it through two cards.That...
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Organization of Petroleum Exporting Countries (OPEC) expects reduction of oil extraction in Azerbaijan in mid- and long-term.OPEC annual report about the oil market reads that oil extraction in Azerba...
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The Ministry of Taxes has established Tax Department №1. The report notes that the decision has been taken in order to fulfill the President's instructions, improve tax administration, provide efficie...
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From December 21 to 25 Central Bank of Azerbaijan (CBA) has had a currency intervention at the interbank currency market to the amount of $300 million. Therefore, CBA’s currency resources were close t...
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The management of JSC Azersu has received a "bad mark" for the weak development of the credits for a number of projects aimed at the reconstruction of water supply and sanitation in the country.Accord...
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The working meeting of Aleksei Miler, chairman of Board of Gasprom company, and Rovnag Abdullayev, President of State Oil Company of Azerbaijan (SOCAR), took place in Saint Petersburg on December 25,...
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On December 28, President Ilham Aliyev signed a decree on separating "Azeryolservis" from the structure of the Ministry of Transport. By another decree of the head of state, Saleh Mammadov was appoint...
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In December, the group of companies Gilan Holding established two companies using the brand name. Thus, despite the economic and financial crisis the holding company continues to grow.According to the...
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The Ministry of Communications and High Technologies of Azerbaijan will attract the company Huawei (PRC) to the establishment of broadband Internet in Azerbaijan.Yesterday this issue was raised during...
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The share of the Chairman of the Supervisory Board of Unibank OJSC Eldar Garibov has grown. Now his share in the bank’s authorized capital has increased from 54.78 to 56.91% (+ 2.13%).As stated in the...










