Economics - 2016
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In July the reserves of the Central Bank of Azerbaijan decreased by 121 million manat, or 2.8%. On July 29 the Central Bank reserves amounted to 4 billion 162.9 million manat, while at 30 June, th...
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In agreement with JSC Azerbaijan Mortgage Fund the mortgage portfolio of four liquidated banks has been transferred to the management of Bank BTB, the bank said today. The mortgage portfolio of...
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The Cabinet decision transferred 11.6 hectares of land to LLC MIDA under the State Housing Agency in the Yasamal district of Baku. The area is located along the Outer Ring Road Baku. The first social...
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The international rating agency Standard & Poor's announced a new outlook on the long-term credit rating of Azeraijan in foreign and national currency. Standard & Poor's international rating agenc...
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The Minister of Communications and Information Technology of Iran Mahmoud Vaez arrived on a working visit to Azerbaijan. Vaez, who is co-chairman of the intergovernmental commission Azerbaijan-Ira...
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Azerbaijani Central Bank (CBA) in the sixth deposit auction attracted 20 million manats instead of the planned 50 million manats on August 1. Demand of the banks was limited to 20 million AZN. The...
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JSC Yapi Kredi Bank Azerbaijan announced the loss in the first half of 2016 in the amount of 1 million 244 thousand manats This was not the result of direct financial activities of the bank, but r...
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The Ministry of Economy has opened the e-mail address apellyasiya@economy.gov.az, which allows businesses to apply directly to the Appeals Board of the Ministry. The ministry says that since early...
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On August 1, the price of beef in Baku and regions of Azerbaijan increased by AZN 0.50 or 6.6% and reached AZN 8 per kg. This is the second consecutive increase in the past two months. By the end...
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Tomorrow, August 2, the Baku Stock Exchange will hold an auction on placement of government bonds with a maturity period of 91 days. Like the previous ones, the T-bills are discounted, i.e., inves...
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Norway’s oilfield services company Enhanced Drilling has opened a new workshop and office facility in Baku, Azerbaijan, the company reported. The new workshop is located at Salyan Highway 22nd...
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SOCAR has won tender of the Ukrainian Railway joint stock company (JSC) to buy 14,080 tons of diesel fuel to the amount over $10 million through SOCAR Energy Ukraine, daughter company of SOCAR, rep...
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On July 29, 2016 Azneft, production company of State Oil Company of Azerbaijan (SOCAR), put into operation the first operation well from the new production platform No 7 located on the shallow sect...







