Economics - 2016
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The Asian Development Bank (ADB) in the annual report Asian Development Outlook (ADO 2016) predicts this year's deficit of Azerbaijan's payment balance of 0.6% of GDP and only next year it will find a...
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Last year the insurance company Baki Sigorta reduced the assets to 12,208,048 manats (minus 7.6% as of 1 January), and the obligations reduced to 3,412,093 manats (minus 42.5%), the financial statemen...
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President Ilham Aliyev appointed Ilgar Nazim Oglu Muradov member of the Board of Directors of the Financial Market Control House (FMCH) on March 29. That same day, Ibrahim Asad Oglu Alyshov was ap...
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The State Oil Fund of Azerbaijan (SOFAZ) through three auctions organized by the CBA in March sold banks $ 482.25 million. According to SOFAZ, the last auction took place today, where $100 million...
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On March 28 the World Bank Board of Directors approved a loan agreement with the government of Azerbaijan on extra financing for construction of the main highway Baku - Shamakhi. This project i...
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In order to provide the people with water measuring devices, President Ilham Aliyev has ordered to allocate 12 million manats. The funds have been allocated to JSC Azersu from the Reserve Fund of t...
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Azerbaijani resident Orhan Guliyev, current operation manager of Chirag and deep-water Guneshli sections, has been appointed Vice President for Technical Safety and Operation Risks in BP-Azerbaijan...
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Azerbaijan and Indonesia have been working on the draft of memorandum on mutual understanding in field of energy and mineral resources cooperation, reported the Azerbaijan Energy Ministry. The...
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SOCAR will do a technical evaluation of the Japanese companies’ proposals aimed at investing capital into the Azerbaijani oil and gas industry, Rovnag Abdullayev, President of State Oil Company of...
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Asian Development Bank (ADB) is ready to allot credit worth $450 million for development of the Phase 2 of the Azerbaijani gas condensate field Shah Deniz, reads information on ADB web site. Th...
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By the order of the President, the Deputy Minister of Taxes Sahir Mammadkhanov was appointed the First Deputy Minister. The post had remained vacant after the appointment of Namig Amirov Assistant...

