Economics - 2016
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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...
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The official US dollar exchange rate was set on June 29 by the Central Bank of Azerbaijan at the level 1.5363 manats. This is slightly more than the rate on 26-28 June (1.5332). The rate of dollar...
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The Delegation of the European Union in Azerbaijan is pleased to announce the disbursement of 7.2 million EUR to the Government of Azerbaijan in the framework of the Rural Development Support Programm...
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President Ilham Aliyev appointed Emin Zamin Oglu Huseynov Deputy Minister of Finance on June 24. 42-year-old E. Huseynov earlier served as Director of the Center for Research and Development of...
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Today the State Oil Fund of Azerbaijan (SOFAZ) through an auction organized by the Central Bank of Azerbaijan sold another $ 50 million, this time to 31 banks. In the last three auctions were, resp...
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The Cabinet of Ministers approved the list of organizations that are subordinate to the Seaside Boulevard Office, while not included in the Office structure. The list includes the National Flag...
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Today's order of the President of Azerbaijan partly updated the State Commission for Cooperation with the International Agency for Atomic Energy (IAEA) six years later. Late Mahmud Karimov was rep...
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The state company of supply of thermal energy to the population and other consumers Azeristiliktechizat partially opened its financial statements for 2015, according to which its annual loss from busi...
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Baku hosted the sixth in a row meeting of the Azerbaijani-Hungarian Intergovernmental Commission on Economic Cooperation. In his welcoming remarks, the Minister of Economy of Azerbaijan Shahin Mus...
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The Cabinet of Ministers created a competitive commission on the sale and transfer to external management of the property, which is problematic asset of OJSC International Bank of Azerbaijan. These as...
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From 10 to 22 June, during the period of preparation and holding the European Grand Prix Formula 1 in Baku, the Heydar Aliyev International Airport served more than 118 thousand passengers and more...
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Loss from operations of BSE for 2015 increased by 7 times and made up 800 thousand AZN. This is evidenced by the financial report of the stock exchange. Last year, the BSE tariff revenues amoun...
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The Financial Markets Control House (FMCH) made a statement that Brexit would not have a direct impact on the financial market of Azerbaijan. "The analysis carried out, taking into account the exp...











