Economics - 2016
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The Azerbaijani Central Bank (CBA) published the exchange rates for 30 June. The rate is set at 1,54 AZN. On June 29 the official dollar exchange rate was 1.5363. The rate of manat against the dolla...
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The state-run JSC Azeravtoyol has undergone structural reforms, according to which of the 110 units 96 have become independent, which will continue their activities in the new organizational-legal for...
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The company AzVirt published the annual report for 2015, according to which, it had a net profit of about 9 million AZN. At the same time profits were made not at the expense of core operating activit...
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The President of Azerbaijan has ordered on the approval of amendments to the Tax Code of the Azerbaijan Republic. Judging by the text of the document, half of the financial penalties levied to the...
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In connection with the expiration of the life of three escalators in the first entrance hall of the 20 January metro station, from July 1 the station's hall will be closed, while the second entrance h...
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The reason for the temporary suspension of Baltika Baku beer production, along with the fall in sales, is due to lower purchasing power of the population and a change in the legislation. Turan was tol...
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Rosneft in 2017 may start to supply gasoline to Iran. By this time Petrocas, in which the state-owned company owns 49%, is planning to build a logistics terminal via the South Caucasian corridor, said...
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Azerbaijan's leading brewing company Baltika-Baku announced the temporary suspension of its production from 15 August 2016, according to Turan. "Recently, a hard situation has emerged in the Az...
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SOCAR’s account payable to the banks totaled $6.3 billion or 9.4 billion AZN, said Suleyman Gasymov, SOCAR Vice President for Economic Affairs. He added that SOCAR’s debt to the Azerbaijani ban...
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By early June 2016 investments into the Shah Deniz Phase 2 project reached $12 billion, Vagif Aliyev, chief of SOCAR’s Investments Management Department, said yesterday at the meeting with the loca...




