Economics - 2016
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The volume of remittances to Azerbaijan from abroad reduced last year. As stated in the report on monetary policy on the website of the Central Bank (CBA), compatriots living abroad, and this i...
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SOCAR Trading company intends to resume trade ties with Iran, Arzu Azimov, SOCAR Trading Executive Director, said in his interview to Reuters. “Before introduction of the sanctions against Ira...
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While in 2014, bank deposits in foreign currency amounted to 36.2%, this figure was at 76.8% at the end of last year. As stated in the report of the Central Bank of Azerbaijan (CBA) on monetary...
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Baku/24.02.16/Turan; SOCAR Trading company, the trade house of SOCAR, plans to open an office in Houston, Texas, Arzu Azimov, SOCAR Trading Executive Director, said in his interview to Reuters....
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In January of this year production of building materials in Azerbaijan amounted to AZN 8.8 million, by 53.6% less than in January last year, the State Statistics Committee (SSC) told Turan. La...
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Azercell Telecom announces 2015 results Azercell Telecom - the leading company in the mobile sector of Azerbaijan, has successfully completed another operational year. Currently, the company ha...
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The press conference of the Financial Director of Azercell Serdar Yilmaz was about the results of the last year. According to him, the mobile operator's revenues decreased by 7% from 430 million m...
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The credit portfolio of JSC Uni Bank by 1 January amounted to 782 million 444 thousand manats (+ 10% per year). Most of the loans (60%) are for private users of consumer loans - 469 million 615.9...
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In January the Azerbaijan airlines transported on domestic and international flights 114.6 thousand passengers, which is 11% less than in the same month last year, the State Statistics Committee said....
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Putting of assets of taxpayers who cannot cope with the payment of current taxes up for auctions has acquired a mass character. Just today, for the first time exhibited for sale was property of 52 ind...
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Last year the Central Bank of Azerbaijan (CBA) sold foreign currency in the amount of $ 8.42 billion to customers, including commercial banks of Azerbaijan. As stated in the report on monetary policy...
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Azerbaijan’s decision to suspend development work on its planned 12bn m3/yr oil, gas, refining and petrochemical project highlights the complexity of getting the gas balance right in the Caucasus both...
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Bakcell -the First Mobile Operator and Leading Mobile Internet Provider of Azerbaijan jointly withKomtec - owner of MilliÖN payment terminalsare pleased to announce the launch of the new “Bonus min...
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LLC Khalg Capital has announced a transformation into an investment company and simultaneously changed the legal form into a closed joint stock company. These changes have not passed the state reg...
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At today's currency auction the Central Bank has allocated 30 million dollars. However, the request of 14 banks, the auction participants, totaled 66.760 million US dollars. For this reason, it satisf...
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Another contract was signed on February 22, 2016 as a part of the project of upgrade of the Heydar Aliyev oil refinery. SOCAR press office reported that the contract was signed between the oil...









