Economics - 2016
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The State Oil Fund held a regular meeting of the multilateral groups for use in Azerbaijan Transparency Initiative in the Extractive Industries (EITI.) The participants of the meeting approved the wo...
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Two commercial banks AGBank and Demirbank decided to join by signing a protocol of consolidation, said on January 26 Elman Rustamov, a chairman of the Central Bank Elman Rustamov. Taking into acco...
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The CBA cancelled the license of the two oldest banks - JSC «United Credit Bank» and JSC «NBCBank». The Central Bank appointed temporary administrator of the bank. A press release from the Central Ba...
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Azerenerji did not extend contracts with 250 employees, which expired last year. The company press office reported that in the past years the company has upgraded its plants. It uses up-to-date...
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On 26 January the Supreme Court, chaired by Gulzar Rzayeva began consideration of the appeal of the convicted lawyer, head of the Legal Education Society Intigam Aliyev. After the speech of the lawyer...
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According to the Azerbaijan State Customs Committee, in 2015 Azerbaijan manufactured 153,300 tons of methanol. The Committee claims that in 2014 the country did not manufacture this product. Ho...
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In 2015, Azerbaijan spent 1 billion 586.8 million on the purchase of foreign products from ferrous metals. This is more than five times the volume of local production. According to the State Cu...
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The Minister of Finance Samir Sharifov said that at the revision of the parameters of the state budget the oil price will be calculated at $ 25 per barrel. Recall, the President approved the budget, b...
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The Road Passenger Traffic Department has been created at the Gandja City Executive Power. Gandja has become the third city, where regulation of urban road traffic has been entrusted to the local...
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The difficult economic situation has led to a new conference, in which the President took part. At today's event on the second year of implementation of the State Program on Socio-economic Deve...
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While by the beginning of last year, the foreign exchange reserves of the Central Bank of Azerbaijan had decreased by 2.8% to $ 13 billion 758.3 million, by January 1 this year, this amount was red...
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From today (26 January), the new system of financing expenditures of education enterprises subordinate to local education authorities at the Ministry of Education will take effect. Pursuant to the...
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By the resolution of the Cabinet of Ministers the number of staff of the Secretariat of the Tariff (Price) Council of Azerbaijan increased from 30 to 33 people. The reasons for this step are not repor...









