Economics - 2016
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On 18 March the Azerbaijani President Ilham Aliyev signed a decree on improvement of management measures in the area of social protection. According to the document, the State Social Protection Fund...
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LLC Sumgait Chemical Industrial Park (SCIP) provided Ltd. SIKA (a member of the group of companies SIKA Group, Switzerland) status of a resident of the industrial park. The Ministry of Economy rep...
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The shareholders of AzRe Tekrarsigorta, the only local reinsurance company, on May 5 will hold the annual general meeting. The agenda includes discussion of the results of the financial activities...
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By February 1, revenues to the state budget amounted to 1 billion 349.6 million manat (minus 19.9% to January last year) and expenditures were at AZN 516.4 million (the Ministry of Finance financed 60...
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The State Oil Fund of Azerbaijan (SOFAZ) through 11 auctions organized by the CBA in March sold banks $ 453.4 million. According to SOFAZ, recent trades were held today, which proposed $ 100 milli...
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After Standard and Poor's, Fitch Ratings also lowered the credit rating of Azerbaijan from BBB- to the "junk" level of BB+. The Fitch Ratings press release states that the low oil prices have c...
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In January and February 2016 Azneft, production company of SOCAR, extracted 1,037,800 tons of oil. Azneft reported that during this period the oil production plan has been over fulfilled by 0.3...
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In January and February 2016 Azerbaijan exported 5,275,622 tons of oil, down 4.2% against the same period last year. According to the meters of the State Customs Committee, in January and Febru...
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In January and February 2016 gas production in Azerbaijan totaled 4,945,200,000 cub.m.. According to the Azerbaijan State Statistical Committee, gas production increased by 2.5% against the same p...
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During first two months this year Azerbaijan extracted 6,867,400 tons of oil and condensate. This is down 1.4% against the same period last year, reported Azerbaijan State Statistical Committee....

