Economics - 2015
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President Ilham Aliyev has issued a decree on the preparation for the privatization of the state stake in the International Bank of Azerbaijan (IBA).The decree provides for measures to improve the IBA...
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The information spread by some pro-government sites about lowering prices for flights by the state airline AZAL, have not been confirmed. The attempts to get comments in AZAL were futile. The air...
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On July 12 in the towns of the northern coast of Absheron and Sumgait is observed migration of the Asian locusts, according to phytosanitary control service of the Ministry of Agriculture. In this c...
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The State Statistics Committee released data on nominal money incomes of the population. According to this, from January to July they were at a level of 19.8 billion manats (+ 4.9% per capita to 1 Jul...
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The State Statistics Committee published the figures on the gross domestic product of the country in the first half of 2015. According to official figures, nominal GDP from January to July amounted to...
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There are no visible threats to the financial sector, though the short-term forecasts are getting worse.The Central Bank of Azerbaijan (CBA) keeps the re-financing rate at 3.5% without the signs that...
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A joint venture of JSC Azerbaijan Railways and the company Stadler Rail Group is being set up.According to the information of the state-run commercial organization, the new structure is established fo...
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The Central Bank of Azerbaijan has abolished the license of Azerbaijan Credit Bank.CBA said on July 15 that the license was liquidated by Decision No 27 of the Board of the Central Bank due to the fai...
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From now on, the law "On the Securities Market" works. The document was signed by the President.Now, dealers and brokers will receive a single license on investment activity. A license may be issued f...
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The Azerbaijani government intends to maintain the pace of housing construction by extending mortgage loans.President Ilham Aliyev at a meeting of the government on Monday announced the allocation unt...
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Bulgaria is seriously interested in Azerbaijani gas transit via its territory, Bulgarian Premier Boyko Borisov said in his interview to TACC.He said Bulgaria needs to expand the interconnectors, in pa...
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There are companies among the shareholders of the trans-Adriatic gas pipeline (TAP) that are interested in sale of their shares to the Italian gas transportation company Snam, Snam Executive Director...
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SOCAR will borrow long-term credits to build a new gas refining and petrochemical complex OGPC in Azerbaijan, SOCAR President Rovnag Abdullayev told journalists yesterday.“When the manufactured produc...
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State Oil Company of Azerbaijan (SOCAR) has allowed Russian Gasprom to deliver gas to the methanol plant of Azerbaijani AzMeCo company, SOCAR President Rovnag Abdullayev told journalists on Tuesday.“W...










