Economics - 2016
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At today's currency auction Central Bank of Azerbaijan (CBA) has sold $50 million to24 banks. However, the official report of the Central Bank does not specify how much was satisfied the demand fo...
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JSC Azerbaijan Investment Company (AIC) ceased its presence in the Garadagh cement plant by selling a 10% stake in JSC Holcim (Azerbaijan) to one of the existing shareholders. This is stated in the...
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The head of the Central Bank (CBA) Elman Rustamov reiterated that new devaluation in Azerbaijan will not happen. "The manat has become stronger to foreign currencies in recent days. Furthermore...
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The bank JSC «United Credit Bank» has been officially declared bankrupt. According to the decision of the Baku Administrative-Economic Court N1, published by the liquidator (LLC Azerbaijan Internat...
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On February 24 in Baku after 20 years of cooperation with Azerbaijan opened an office of partnership and coordination of the Food and Agriculture Organization (FAO) of the United Nations. At the c...
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In 2015 a kilo of imported butter in the Azerbaijani was registered at Customs at an average of $1.62. Moreover, prices for imported goods were declared by 36.5% lower than in 2014. In reta...
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In 2015 Azerbaijan received a total of 6,332 bcm of gas from BP-Azerbaijan company. Of this volume over 3.1 bcm was associated gas from the oil bloc Azeri-Chirag-Guneshli (ACG) and about 3.2 bc...
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In January 2016 passenger flow in the Baku Metro decreased by 8.2%. The declining trend in passenger carriage on the subway is fixed for the first time since 2011, when the cost of travel on the...







