Economics - 2016
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The Financial Control Service in the Ministry of Finance during the audit of state enterprises in 2015 revealed evidence of theft in the expenditure of public funds. According to this body, the total...
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Azerbaijan's GDP will drop by 0.7% in 2016, predicts the International rating agency Moody`s, and in 2017 the agency expects GDP growth of around 1%. The agency notes that there are risks, which m...
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In November 2016 BP-Azerbaijan company plans to complete 3D seismic survey on the shallow section of the Absheron archipelago, Arzu Javadova, employee of the company’s geological and exploration de...
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Merger of OJSC Para Bank with OJSC Credo Bank and OJSC NBC Bank will be considered by Para Bank's shareholders at a meeting on March 7, the bank's website reports. The banking institutions prev...
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JSC Bank of Azerbaijan has already met half of its obligations to the depositors, paying 12 million manat of the 24 million manat. The funds began to be paid from 28 January on the part of JSC...
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In January 2016 State Oil Fund (SOFAZ) received $442 million from sale of profitable oil from the bloc of Azeri-Chirag-Guneshli (ACG) fields. Since 2001 till February 1, 2016 $117.5 billion was...
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The Cabinet has reviewed the list of objects, on which technical control is not required. According to the decision №20 of January 28, 2016, while before technical control was not applied to ot...
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In quarter 4, 2016 BP-Azerbaijan plans to start interpretation of data of 3D seismic survey performed for implementation of the Phase 3 of the gas condensate field Shah Deniz, Greg Riley, BP-Azerba...
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The Cabinet of Ministers on 3 February adopted a resolution, according to which the minimum size of unemployment benefit increased from 55 to 75 manats a month. Last time the size of the benefi...








