Economics - 2016
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Azerbaijan Central Bank announces the official exchange rates on January 22. The rate of manat to the US dollar remained unchanged: 1USD = 1,6028 AZN. Despite the fact that from January 19, reducing t...
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Azercell CEO Vahid Mursaliyev sent a letter to all staff regarding a tough decision which the company management had to make in order to cut costs due to difficult macroeconomic situation. “Unfortu...
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The Ministry of Economy continues discussions with the business community to address the challenges to increase local production. During meetings with representatives of the meat, dairy and winema...
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The assets of JSC Bank Silk Way by the beginning of the year amounted to 368 million 153 thousand manats (+ 58.2% yoy). Most (2.6-fold) increased deposits - up to 140 million 395 thousand manats a...
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In 2015, turnover of corporate securities in Azerbaijan amounted to 4,186,100,000 manats, which is 12% less than in the previous year. As in 2014, the major player in the market is the state. I...
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The State Statistics Committee of Azerbaijan counted 677,231 entrepreneurs in Azerbaijan as of January 1. Of these, the majority (576,906) is individuals, which is 11% more than the year before. M...
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At the 21 January EGM in Capital Bank there was announced the decision of the main shareholder of the bank to satisfy the application of a member of the Supervisory Board Javid Guliyev for resignat...
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In the past year the volume of industrial production in Azerbaijan totaled 26.2 billion manats, 17.9% down compared to the year 2014 in nominal terms. According to estimates of the State Statistics...
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Oil prices fell three times in 2015, because of which the income and expenses of Azerbaijan sharply reduced. In 2015 it managed to save budget expenditure. Unfortunately, global processes do not gi...
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According to the Azerbaijan State Statistical Committee, during 2015 the country extracted 29,727,700,000 cub.m. The production volume increased by 1.1% against 2014. In 2014 gas production in...
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During 2015 Azerbaijan has extracted 41,689,000 tons of oil, including gas condensate, which is down 0.8% against 2014, according to the report of the Azerbaijan State Statistical Committee. Ac...
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Azerbaijan Finance Ministry offers to make oil price at $25.00 per barrel as the base price during revision of the state budget of Azerbaijan for fiscal year 2016, Finance Minister Samir Sharifov t...



