Economics - 2016
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President Ilham Aliyev signed on July 18 a decree on application of the Law of AR On Agricultural Cooperation. The law provides for the formation of credit and insurance cooperatives to merge fund...
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Azerbaijani President Ilham Aliyev on July 19 made adjustments to the May 19 document providing for restrictions on the decision-making on the part of the State Committee for Property Affairs (SCPA) o...
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The Cabinet of Ministers on July 18 adopted a resolution on amendments to the structure of the National Academy of Sciences of Azerbaijan (ANAS). The document was adopted taking into account the propo...
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In quarter 1, 2016 Arabia countries have exported crude oil to the amount of $50.4 billion, reported local media. This is down $24 billion against crude oil export by the Organization of Arabic Oi...
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Ukraine Ministry of Infrastructure has approved 75% discount of rates for transit of oil tankers via the Southern port, including the Odessa-Brody oil pipeline, reported Ukrainian media on Tuesday....
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From January to June GDP growth in Turkmenistan constituted 6.1%, reported the Turkmenistan Ministry of Economy and Development. The GDP growth in the industry constituted 2.1%, in construction –...
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During the period of industrialization in Kazakhstan from 2015 to 2019, development of eight export-oriented sectors in five fields will be a priority. Zhenis Kasymbek, Kazakhstan Minister for Inv...
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During six months, 2016 Gazprom reduced gas export to Armenia by 7.6% against the same period in 2015 to 818.3 million cub.m., reported Gazprom Armenia. During 6 months, 2015 Gazprom exported 886...
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From January to June oil transit via the Georgian pipelines totaled 148 million barrels, down 2% against the same period 2015, reported Georgian Oil & Gas Corporation (GOGC). During 6 months, 2016...
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During 6 months, 2016 power generation in Azerbaijan totaled 10,954,600,000 KWh, down 6.3% against the same period last year. According to the State Statistical Committee, during this period gener...
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During 6 months, 2016 SOCAR extracted 3,162,100,000 cub.m. of gas (this data also includes SOCAR’s shares in the joint projects), down 6.3% against the same period last year. SOCAR reported that i...
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President Ilham Aliyev signed on July 19 a decree "On the privatization of accelerating and improving the efficiency of management of state property." In May this year, President actually stopped the...
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During 6 months, 2016 State Oil Fund (SOFAZ) assets increased by 4.6% and reached $35,117,900,000. SOFAZ reported that during 6 months its incomes totaled 3,991,000,000 AZN, while costs – 2,256...
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Yesterday SOCAR and Romanian Transgaz signed a mutual memorandum, reported State Oil Company of Azerbaijan (SOCAR). The document envisages cooperation between the companies in field of gas tran...
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During 6 months, 2016 incomes of the consolidated budget totaled 9,626,700 AZN, while expenses – 8,226,100 AZN, reported the Azerbaijan Finance Ministry. Incomes of the state budget totaled 6,1...














