Economics - 2016
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50 million USD was sold on the foreign exchange auction of the Central Bank of Azerbaijan on 28 July, submitted by the State Oil Fund of Azerbaijan (SOFAZ). This time, in contrast to the previo...
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The Ministry of Taxes has announced that of the four banks liquidated on July 21 (Deka Bank, Credo Bank, Para Bank, and Zamin Bank) only the latter has tax arrears, the amount of which is only AZN 457...
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The Turkish subsidiary of the State Oil Company of Azerbaijan (SOCAR), SOCAR Turkey Energy responded to media reports about the arrests and numerous dismissals in the largest Turkish petrochemical com...
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Baku hosts three-day training for the staff of government agencies that are involved in the work of the Commission for Public Procurement. The spokesman for the Ministry of Economy, Abbas Aliyev t...
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The Accounts Chamber approved the audit report on the audit of the use of funds in the framework of the project "Support to the development of water user associations (WUA)", implemented from 2011....
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Residents of Gudajuhur village of the Sabirabad district celebrated the construction of a new medical facility. The opening ceremony was attended by representatives of the United States Agency for Int...
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The Baku Stock Exchange made a delisting of the securities of two banks (Deka Bank and Para Bank). This is due to the elimination of their banking licenses. JSC Deka Bank issued shares totaling 24...
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The Chairman of the International Bank of Azerbaijan (IBA) Elmar Mammadov appointed Nabi Aliyev his adviser. Earlier Nabi Aliyev headed the department of external control of the Department of Supe...
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The Chairman of the International Bank of Azerbaijan (IBA) Elmar Mammadov appointed Nabi Aliyev his adviser. Earlier Nabi Aliyev headed the department of external control of the Department of Supe...
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The head of the largest petrochemical company Petkim, Sadeddin Korkut, was arrested in Istanbul. For some time now the company's controlling stake belongs to Azerbaijan, but rather the State Oil Co...
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The Azerbaijani government and the Asian Development Bank (ADB) signed credit and guarantee agreements worth $ 250 million, which is the first tranche of the project to modernize electricity grids, wo...
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Baku hosted a bilateral meeting of the Chairman of CJSC Azerbaijani Railways Javid Gurbanov and the Deputy Minister of Roads and Urban Construction of Iran Asghar Fahreyi Kashan. The parties discu...
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According to the financial statements of the 25 insurance companies operating in Azerbaijan, it can be concluded that 7 of them did not pay enterprise profit tax in 2015. In 2014, the number of suc...
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Greek Minister of Environment, Energy and Climate Change Panos Skurletis has accused the European Commission of delay of the deal to sell share of State Oil Company of Azerbaijan (SOCAR) in the Gre...
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The State Committee on Property (SCP) has prepared a new specialized portal (www.privatization.az) on the privatization of state property. This information resource will provide detailed inform...









