Economics - 2012
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As a follow up to discussions between BP and SOCAR to manage oil production, BP has completed an in-depth review of Azeri-Chirag-Gunashli (ACG) field performance. This was conducted by a group of rep...
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On November 15 the Russian airline "EC Alliance" launched regular direct flights Moscow-Gabala-Moscow. Flights will be performed once a week on Thursdays.Flights are performed by Airbus 320. The cost...
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If banks can not compete in the market, for them would be better to go for a merger or consolidation of business, said the head of the International Bank of Azerbaijan (IBA) Jahangir Hajiyev.He said t...
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According to the official estimates of the State Statistics Committee, the employed population in Azerbaijan as of 1 November was 4,421.5 million. Compared to the results of statistical research for t...
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The first ten months of this year in Azerbaijan there was invested in fixed assets 11.1 billion manat, which is 26.8% more than in the comparable period of 2011. However, about 61% of the funds were u...
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The decision of the Central Bank of Azerbaijan about five times the requirements for the minimum level of the authorized capital of banks is hasty. This point of view was voiced in Baku by the Chairma...
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Today at Baku Stock Exchange (BSE) there was a presentation of the institution of market maker whose legal and technical basis will increase the liquidity of the securities market (CB) and the formati...
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Number of payments on all claims by Ateshgah reached 114 thousand (360 per day). Today, as noted in the report of the morning, this figure increased by another 2 cases, as shown on an interactive webs...
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November 17 and November 20 will be another certification of persons wishing to obtain a license to operate as an insurance agent and executive staff of insurance companies.As noted in the report of S...
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State Oil Fund of Azerbaijan (SOFAR) will take part in the shareholding capital of the consortium for construction and operation of the Trans-Anadolu Pipeline (TANAP).Fineko portal reported citing Sha...
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The government's forecast of oil and gas production, which was reflected in the state budget for fiscal year 2013, is of preliminary character, a source from SOCAR told Turan.The same source said that...
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The credit portfolio of the Bank of Baku on November 1 of this year stood at 400 million manats.According to the report of the bank, compared to the same period last year, the figure rose by 58% and s...
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Short-term notes of the Central Bank of Azerbaijan (CBA) series 50104634S at the total amount of AZN 10 million were placed in an auction held on November 14, 2012.The announced offer made up 35 milli...
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BAKU/16.11.12/TURAN National Fund for Entrepreneurship Support (NFES) provided loans to businesses in Imishli and the surrounding areas.As reported in the fund, the fund's authorized agents provided...
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The affiliated company of SOCAR, Alphard Gas Holding B.V., has closed the deal to purchase gas distribution assets of Itera Oil & Gas Company LLC on the territory of Georgia, reads the press release o...








