Economics - 2016
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On 3 March the Central Bank lowered the exchange rate of the manat to the US dollar at the level 1.5843 manats, said the CBA. Today the dollar was 1.5764 AZN. In general, over two days manat depre...
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A large number of old buildings will be demolished in the nine districts of Baku in accordance with the decision of the government of 25 February "On additional measures to accelerate socio-economic...
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The Cabinet of Ministers adopted a decree on increasing the authorized capital of JSC Azerisiq, the state electricity company. The authorized capital of the JSC was brought from 623.5 million t...
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A three-year tax holiday on personal income on bank deposits has entered today. As stated in the presidential decree that approved the relevant amendments to the Tax Code of the Azerbaijan Republi...
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According to the State Social Protection Fund (SSPF), by March 1, there were registered 3 million 210 thousand 647 individual social insurance accounts (+ 1% to 1 January)... As stated in the Fund...
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According to the Compulsory Insurance Bureau (CIB), last month the compulsory insurance of civil liability of vehicle owners compiled and issued 75 590 insurance policies. Most of them (66,616) ar...
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Completed the process of increasing the authorized capital of the Central Bank of Azerbaijan (CBA) - up to 500 million manats, reporters were told by its head Elman Rustamov. According to him, this wa...
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American Chamber of Commerce in Azerbaijan held its Annual General Meeting for electing new members of the Board of Directors Mr. Ilgar Veliyev, President of AmCham Azerbaijan, opened the Gener...
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Azerbaijani President Ilham Aliyev signed a decree "On additional measures to stimulate the export of non-oil goods". The document provides for the granting of a special incentive mechanism of export...
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In January and February 2015 State Oil Company of Azerbaijan (SOCAR) exported 423,264 tons of crude oil from the Supsa port. This is down 16.7% against the same period last year. SOCAR reported...
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In 2015 production on the bloc of fields Azeri-Chirag-Guneshli (ACG) dropped by 200,000 tons and totaled 31.3 million tons or 231 million barrels, reads the report of BP-Azerbaijan company. The...
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Last week Azerbaijani Energy Minister Natig Aliyev said while receiving US Ambassado to Azerbaijan Robert Sekuta that construction of Trans Adriatic pipeline (TAP) is scheduled for March 2016....
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There is a change in the leadership of the Georgian subsidiary of the International Bank of Azerbaijan, IBA-Georgia. Instead of Samir Veliyev, Emil Abasbeyli has been appointed General Director, th...
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From April 1 motorists of Azerbaijan will be able, being insured under the Green Card, to freely cross the European Economic Area. As stated in the report of the Compulsory Insurance Bureau (CI...
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The Food and Agriculture Organization (FAO) of the United Nations with the assistance of the Ministry of Agriculture is working on the consolidation of small share of agricultural land. Accordi...
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From this month, not 25%, but 50% of the funds received by the non-budgetary customs system development fund will be allocated to the salary increments of officers and civilian employees of the...






