Economics - 2016
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Azerbaijan passed Ukraine a draft agreement on the establishment of the international transport corridor "Baltic Sea - Black Sea - Caspian Sea", reported on Friday the press service of the Minis...
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The 157th session of the Council of public associations of the coalition meeting on "Enhancing transparency in the mining industry" took place. The meeting was attended by 10 of the 11 members of the...
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The Bureau of Compulsory Insurance (BCI) informs that in June (http://isb.az/iyun-ayinda-dasinmaz-emlakin-icbari-sigortasi-uzre-11-639-muqavile-baglanilmisdir) within the framework of compulsory insur...
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The Bureau of Compulsory Insurance (BCI) informs that in January-June (http://isb.az/2016-ci-ilin-ilk-alti-ayi-erzinde-avsmmis-uzre-11-6-milyon-manat-mebleginde-sigorta-odenisi-heyata-kecirilmisdir) 1...
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The Bureau of Compulsory Insurance (BCI) informs that in January-June (http://isb.az/iyun-ayinda-827-yasil-kart-muqavilesi-baglanilmisdir) 13 of its members concluded 2,268 contracts under the Green C...
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The state-run JSC Azeravtoyol promulgated in the media a comprehensive financial report on its activities in 2015, which leaves questions with no answers. In 2015 by the Cabinet of Ministers decre...
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The initial cost of the new gas chemical complex of SOCAR ($7 billion) has dropped and currently it is estimated at $4 billion, Suleyman Gasymov, SOCAR Vice President for Economy, told journalists....
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Since early this year SOFAZ has become an active player at the local market of currency auctions. Its role was support of the national currency manat, which rate has lost its previous stability, be...
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In 2016 SOFAZ opened an annual deposit account to the amount of $500 million at the International Bank of Azerbaijan (IBA). According to SOFAZ, annual rate of the deposit worth $500 million is...
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Iran has completed construction of the high voltage lines to supply Azerbaijan with 600 MWt of power, reported Iranian media quoting Iranian Energy Minister Khamid Chitchian. “Winter is a peak...
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Since 2001 till the end of 2015 incomes of State Oil Fund of Azerbaijan (SOFAZ) totaled $124.9 billion. According to the audited report of SOFAZ, during 15 years 26.9% of funds or $33.57 billio...
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The Sumgait technological park’s cable plant has started trial manufacture of high voltage cables with the voltage 500 KW, reported STP. “The plant is equipped with German equipment and until n...
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Azneft, SOCAR’s production company, plans to introduce SCADA system to create virtual model of the fields. SOCAR press office reported that application of SCADA will allow virtualizing the proc...





