Economics - 2016
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At the auction on placing T-bills of a 91-day circulation term on August 2 the Ministry of Finance sold investors securities in the total amount of 15 million 186.3 thousand AZN in face value. The...
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On 2 August the SOCAR president Rovnag Abdullayev was received by the Turkish President Erdogan within the frameworks of the international high-level forum of investors. During the meeting they di...
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The Ministry of Economy held a meeting on August 2 with the participation of the producers of bread and concerned government agencies. As it became known to Turan, the meeting discussed ways to ma...
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The management of Bank Standard moves to the new Board on August 3. This date was determined by the Financial Markets Control House (FMCH) as the final deadline for the temporary administration of Ban...
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President Ilham Aliyev has ordered to allocate AZN 3 million for the construction of the road Zig – Amirjan - Yeni Surakhani. The road stretching for 18 km will connect the three suburbs of Baku with...
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Returning to work on Tuesday after a week-long vacation, President Ilham Aliyev received the Minister of Communications and Information Technology of Iran Mahmoud Vaezi, who is co-chair of the Azerbai...
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Austrian Porner GmbH company has become SOCAR’s contractor for construction of a new bitumen installation at the Heydar Aliyev oil refinery in Baku, SOCAR reported. According to SOCAR, the bitumen...
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From January to May 2016 Azerbaijan exported 2,735,042,000 cub.m. of gas as a part of the Shah Deniz-1 project, down 1.2% against the same period in 2015, according to the Turkish Council of the Energ...
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From January to July 2016 SOCAR has exported 692,694 tons of oil products to the foreign markets. SOCAR press office reported that during this period SOCAR has exported 415,978 tons of diesel fuel...
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Today 29 banks have sold $49.1 million at the foreign exchange auction of the Central Bank of Azerbaijan on August 2. Total 50 million was proposed. At the last auction on July 28 were sold $...
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In the second quarter of this year, the average time for the registration of rights to real estate decreased from 11.8 days to 8.4 days. "While in the first quarter of 2016 the registration of...
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SOCAR’s investments into the Turkish projects have reached $7.5 billion, Zaur Gakhramanov, head of SOCAR Turkey Energy, daughter company of SOCAR, said in his interview to Bloomberg. He said despi...
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The monetary base in Azerbaijan decreased to 51.3 million AZN and reached 7 billion 38.1 million AZN in July, according to the Central Bank. This is the first reduction of the monetary base fro...
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The July 30 extraordinary meeting of the Board of the Ministry of Finance decided to grant a state guarantee on the loan of AZN 100 million allocated by the Central Bank to the Loan Insurance Fund...









