Economics - 2016
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The Government of Azerbaijan releases from VAT the import and sale of wheat, production and sale of flour and bread from January 15 on. This step is aimed at lowering the price of flour and bread and...
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On Thursday afternoon in Baku it was almost impossible to buy legally dollars and euros anywhere. Azerturkbank stopped selling foreign currency because of the "the exhaustion of the daily limit."...
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The State Statistics Committee released data on foreign trade turnover in January-November. During this period the total volume was $ 23 billion 575.6 million. The share of exports due to crude oil wa...
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The total premiums of AXAMbask last year amounted to 18 million 316.14 thousand manats (minus 4.3% to 2014). On the voluntary insurance it collected 48.2%, or 8 million 830.27 thousand manats, whi...
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JSC Expressbank introduced a new service via an electronic purse. Now its clients at any time can pay from their cell phone via the mobile application ExpressPay (operating system Android and iOS). Th...
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The State Statistics Committee published the 14th of January the inflation rate for 2015. According to official estimates, consumer prices in Azerbaijan rose by an average of 4%. According to the...
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"We fulfill all the commitments that we have in front of the Georgian authorities," said in an interview with TV Company Rustavi 2 the SOCAR President Rovnag Abdullayev. Summing up the meeting wi...
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In 2015, the government cut 350 million manats from spending to finance social projects. The Deputy Chairman of the NGO Assistance to Economic Initiatives Rovshan Agayev stated, referring...
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On 12 January a group of businessmen met with the representatives of the Executive power of Sumgayit and the city's Architecture Department. The subject of the meeting is uncertain due to disse...
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In order to increase self-sufficiency in agricultural products, as well as the protection of the internal market Azerbaijan may impose quotas on imports. The proposal was made by the Mini...






