Economics - 2014
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The evening session of parliament on Wednesday continued the discussion of the draft budget for 2015. The MP Vahid Akhmedov upheld the subject of commercial banks which "enslaved the population."...
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Deputies of Milli Majlis (MPs) are unhappy with the results of investments by the State Oil Fund (SOFAR) at 2% of annual interest in the world market. Thus, during the state budget discussion MP Faraj...
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JSC Kovsar Bank is apparently waiting for the merger with stronger partners in the banking market.According to the report of the financial structure, on Dec. 17 a special general meeting of shareholde...
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On Wednesday the Milli Mejlis continued the discussion of the draft budget for 2015. Vice Speaker Valeh Aleskerov assured MPs that 90 dollars per barrel noted in the draft budget is an objective pr...
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The intention of a local non-bank credit organization to raise the share capital has been confirmed. The State Committee for Securities registered the issue of primary shares by NBCO ProCredit at 300,...
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The date of the third national forum of insurance agents is known. The leader of Azerbaijan Insurers Association (AIA) Orkhan Bayramov told Turan the event will take place on December 17 and will cons...
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Within nine months of 2014 in Azerbaijan there were opened 100,056 new jobs, of which 82 177 were permanent. The bulk of the proclaimed jobs accounted for by so-called natural persons.According to the...
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Entry into force of amendments to the Customs Code provides for the acceleration of the approval process by the customs authorities of customs declarations. The head of state signed a decree, the text...
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OJSC AtaHolding began repayment of additional issue of shares worth 71.518 million manat today.As stated in the press release of the Baku Stock Exchange (BSE), as a result of redemption of shares the...
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JSC Ganja Sharab-2 increased the authorized capital from 2,545,600 manat to 10,685,300 manat. The capital of the largest winery in the western region of Azerbaijan increased by increasing the nominal...
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Over three quarters of 2014 the volume of freight traffic on the Silk Road in the Azerbaijan sector totaled 9,261,500 tons, which is 15.6% less than in the comparable period of 2013, they told Turan i...
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The State Committee on Property, after two months of silence announced the result of an investment competition for sale of 99.88% of shares of Ceyranbatan Polimer Materiallari.The Competition Commissi...
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From January to October 2014 Azerbaijan exported 28,225,333,700 tons of oil.According to the State Customs Committee, during 10 months export of Azerbaijan oil decreased by 1.9% against the same perio...
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Within 10 months of this year rights for 168 000 properties were registered in Azerbaijan, which is 17.4% more than in the comparable period of 2013. The State Committee on Property associates this tr...
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Consumption of the means of mouth and teeth care is growing in Azerbaijan. However, if you trust the official statistics, the average Azeri uses toothpaste 4.4 times less than the rate recommended by...
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In the first ten months of this year Azerbaijan imported 47,379 cars, up 38.5% less than in the comparable period of 2013, according to the State Customs Committee.Domestic economic processes in Azerb...








