Economics - 2016
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From now on, all information on the issued securities offered by the mass proposals will be unveiled to the public through a common information base - the Internet www.disclosure.az. The site oper...
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SOCAR hopes to complete repair of the platform No 10 on the shallow section of the Guneshli field till the end of May, SOCAR President Rovnag Abdullayev told journalists at the IP Week. “Right...
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The authorized capital of the International Bank of Azerbaijan (IBA) will be increased to one billion. 141.3 million manats by issuing new stocks amounting 500 million manat. This decision h...
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In January a specialized OJSC"PASHA Hayat Sigorta” collected a record 7, 111,000manat (+ 94.3% to the starting month of the previous year.)Payments totaled1,751,000 manat, by 7.9 times more than i...
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The assets of JSC «Kredobank» by 1 January amounted to 169 million 322.35 thousand manat (+ 23.2% a year.) There are little funds on deposit accounts – 34 million on 786 thousand manats (+ 12.1%), o...
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In order to optimize the network of vocational training institutions and improving the quality and efficiency of management and financing the Cabinet of Ministers ceased independent operation of si...
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A large lot of Iranian potatoes was rejected. According to the report the Ministry of Agriculture of Azerbaijan, the State Phytosanitary Control Service revealed the infection of 24 kilo of potatoes...
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In 2015, foreign trade turnover of Azerbaijan amounted to $25 billion 781 million At the same time the surplus of import-export operations for the year amounted to $ 7 338.200 million, the State Stati...
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On 12 February the Central Bank of Azerbaijan introduced at a currency trading 200 million US dollars. Ten banks that have applied for the purchase of $33.6 millions participated at the auction. T...
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Today the Ministry of Finance carry out regular placement of state short-term and medium-term bonds. The amount of bonds offered to investors, which will be in circulation for 182, 364 and 728 days...
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SOCAR Turkey LNG Satis (SOCAR’s daughter company) has obtained a license from the Turkish Agency Regulating Energy Market to sell compressed natural gas (CNG), reported Turkish media. The license...
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SOCAR has been considering possibility of buying some assets of Rosneft company in Russia. “Within several weeks the documents could be possibly signed. The assets have been named, but there are ma...
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SOCAR plans to develop liquefied natural gas (LNG) sale and invest into the LNG terminals in Malta, SOCAR President told journalists at the International Conference IP Week, which is held in London...
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Purchase of gas in Russia could help Azerbaijan to maintain oil production in the country, because Azerbaijan uses more gas to pump into the bed to increase oil production, Rovnag Abdullayev, Presi...
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The JSC "AGBank" announced about signing the Protocol of intent on consolidation with JSC "Bank Standard". This is the second attempt of "AGBank" to stay in the country's financial market. Un...
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The position on information disclosure on the securities market of Azerbaijan has come into force. According to the order N 15q of the chairman of the State Securities Committee Rufat Aslanli (htt...










