Economics - 2014
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President Ilham Aliyev has ordered to allocate AZN 21.5 million from the Reserve Fund of the President in the state budget for 2014 for the drilling of artesian wells. This is the second such decision...
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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...








