Economics - 2016
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From January to May 2016 proceeds from sale of gas condensate from the Shah Deniz field to the State Oil Fund of Azerbaijan (SOFAZ) totaled $64 million. A source from SOFAZ mentioned that since...
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The Ministry of Taxes has begun to use the tool Risk Management from Central Location. Its essence is finding facts of tax evasion with the use of modern information technology, the implementation...
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As of May 1, bank deposits amounted to 7 billion 685 million AZN (minus 18.9% to 1 January) and reduced from month to month - even in April against the background of foreign exchange reserves growt...
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The law of Azerbaijan "On the execution of the state budget for the year 2015" has been approved. According to the report on the official website of the President, the profitable part was 17 billio...
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President Ilham Aliyev signed an order to allocate funds for the urban development of Sumgait. It has become the fourth order of the sort after the personnel changes in the executive power of Sumgait...
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The Central Bank of Azerbaijan (CBA) reports that by 1 May, there were 2,553 ATMs in Azerbaijan (minus 5.3% to the beginning of the year). Most of them (1,412) were installed in Baku, while the rest 1...
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Even understated at least three times, the official (10.5%) annual inflation made unfavorable storage of money by the Azerbaijani population on deposit accounts. As stated in the report of the Cen...
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President Ilham Aliyev appointed Vidadi Muradov Chairman of the Board of Azerkhalcha OJSC engaged in carpet weaving. Muradov is 60 years old. Up to this appointment he served as Director of the pr...
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The Asian Development Bank is ready to cooperate in the direction of recovery of the financial sector of Azerbaijan. This was said by the ADB Executive Director Matthew Fox at a meeting with the membe...
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By June 1, 2016 total number of customers of Azerigas, gas distribution company of SOCAR, reached 1,909,513. SOCAR press office reported that in May 2016 Azerigas registered 11,423 new customer...





