Economics - 2016
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Starting today, stricter sanctions are applied against monopolists and those who "put a spoke in the wheel" of competition. In accordance with the amendments to the Criminal Code, approved by the Azer...
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The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS She...
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The assets of JSC Bank of Baku by April 1 amounted to 591.35 million manat (minus 26% compared to the same period last year, when they amounted to 797.84 million manat). The amount of cash decreas...
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Today the State Oil Fund of Azerbaijan (SOFAZ) through an auction organized by the Central Bank of Azerbaijan has sold $ 45.6 million. According to SOFAZ, it has been recently exposing not $ 100 milli...
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JSC International Bank of Azerbaijan (IBA) has issued new interest rates on deposits of individuals. Deposits can be placed for a period from 1 to 10 years. While the Financial Market Control Hous...
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Since 2003 the Azerbaijani government has made $73 billion from the extractive industry, Larisa Leshenko, World Bank (WB) Manager for Azerbaijan, said at the XVIII session of the Coalition of the...
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The Financial Market Control House (FMCH) of Azerbaijan has become the Transitional Administrator in JSC Bank Standard. According to today's press conference of the FMCH head Rufat Aslanli, the dec...
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From May 2016 the business of Carlsberg Group in Azerbaijan, presented by Baltika-Baku, is headed by Viktor Semak. He will manage two companies of Carlsberg Group - Baltika-Baku and Carlsberg Kazak...
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By the decision No 173 of the Azerbaijan Cabinet of Ministers the production sharing agreement (PSA) on the Muradkhanly, Jafarli and Zardab oil fields between State Oil Company of Azerbaijan (SOCAR...
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According to the Azerbaijan Mortgage Fund (AMF), by May 1, 2016, 17,995 mortgage loans totaling 730 million 702.42 thousand manat were issued. A month before (by April 1) 17,993 loans of 730 millio...
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On May 3, the Ministry of Finance put on sale a new batch of short-term bonds, which it undertakes to repay within 91 days. According to the Baku Stock Exchange, investors are offered bonds for a...
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In the first four months of this year, the status of resident of Sumgait Chemical Industrial Park (SCIP) was granted to three companies, which organize the industrial activity on 8.5 hectares of its t...







