Economics - 2016
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In May of this year, consumer prices in Azerbaijan declined compared to April by 0.1%, the State Statistics Committee calculated. According to SSC, in May, food prices decreased on average by 0...
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Prices of consumer goods and services in January-May 2016 increased by 10.4% compared to the same period last year. As the State Statistics Committee says, food prices rose by 11.9%, non-food prod...
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Zaur Pashayev, BP’s Area Operations Manager Sangachal Terminal, has been appointed to the role of Vice President Operations, Midstream – Azerbaijan, Georgia and Turkey (AGT) Region, effective 1 Se...
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In the five months of this year the Ministry of Taxes completed 2,509 field tax audits. This is 46.9% (2,219) less than in the comparable period of 2015. According to the Head of Tax Audit and Ope...
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The Central Bank of Azerbaijan (CBA) announced a new tender for the insurance companies for a period of 1 year. The agreement provides for insurance of fixed assets, cash and vehicles on the balance o...
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The Asian Development Bank (ADB) refused to clarify the timing of the issuance of a loan to Azerbaijan's government for the Shah Deniz-2 gas condensate field development project and the Southern Gas C...
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Azerbaijani companies continue to hold general meetings. Among other issues, there is also the distribution of profits as dividends. As in the past year, a 10% tax is levied from the accrued divide...
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JSC Ipek Yolu Sigorta has made the electronic publication of the annual management report. In it, as opposed to the legislation (Regulations of requirements for management reports of the issuer) it...
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Azerbaijan and Russia signed an agreement to supply new Russian medium-distance passenger aircraft MS-21 for the Azerbaijani Airlines, the President of the manufacturer of the aircraft – Irkut Corp...
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The State Customs Committee (SCC) of Azerbaijan is working with the relevant authorities of Russia to eliminate the undue delay of the Azerbaijani agricultural products at the Russian border. This was...
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During 2015 State Oil Company of Azerbaijan received 174,570 applications for employment. The company had 3,889 vacancies, Halik Mammadov, SOCAR Vice President for Human Resources and IT, said at t...
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In 2015 SOCAR Petroleum SA company, SOCAR’s daughter company in Romania, received a profit of 2 million Leev ($502,200 at the current rate), reported Romanian media. SOCAR Petroleum SA receive...
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By January 1, 2016 total amount of SOCAR’s investments into the projects outside of Azerbaijan reached $4,486,900,000. According to the company, the biggest amount has been invested into the co...








