Economics - 2016
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In April of this year 2,500 tourists from the United Arab Emirates visited Azerbaijan. It is by 27 times more than over he same period last year, reads a message on the website of the Ministry of...
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The terms of using the "green corridor" and other access systems for the transportation of goods and vehicles across the customs border have been approved. The document is reinforcement to the...
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The Azerbaijani President Ilham Aliyev signed a decree "On additional measures in the field of improvement of the state property privatization," which means the beginning of the third stage of priv...
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* * * 2016 May 23 (Monday) 13:07:34 President Ilham Aliyev issued a decree on simplification of the authorization for the operation of certain construction projects This mecha...
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In the four months of this year the production of the main types of building materials significantly decreased in Azerbaijan. This is mainly due to decrease in funding from the state budget. Accor...
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The Azerbaijan President made a number of changes to the Criminal Code. The amendments are mainly related to economic crimes, on which hundreds of entrepreneurs have been deprived of their free...
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At the May 18 general meeting of shareholders of OJSC Uni Bank a deal of special significance was approved. It is a term loan agreement with ING Bank N.V. (Netherlands) in the amount of 15 million USD...
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Tomorrow in Baku, Jumeirah Bilgah Hotel will start the IV Summer Dairy Summit and the II International Cheese Forum. The purpose of these activities is to develop and strengthen trade and economic rel...
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LLC Baku Bus under the Cabinet of Ministers of Azerbaijan will start working on the summer schedule from May 28. According to the company's press service, the innovation is that its buses will swi...
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The works to eliminate aftermath of the accident on the platform No 10 on the offshore field Guneshli that burnt down in December 2015 are going ahead of schedule, reported SOCAR. Last Friday A...
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From January to April 2016 SOCAR extracted 2,522,800 tons of oil, down 8.5% against the same period last year. According to the data released on SOCAR’s web site, in April 2016 the company extr...
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Year 2015 was difficult for the Azerbaijani economy. We have seen high inflation, devaluation of national currency and lower economic growth, especially in the non-oil sector, said Vugar Gulmammado...







