Economics - 2016
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On 12 the Central Bank raised the rate of US dollar to manat: 1USD/1.6102 AZN. The US dollar exchange rate rose again by about 0.1%. The commercial banks selling rate of the dollar today was 1,67-1,...
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During the first half of 2016 twenty five insurance companies calculated the amount of insurance charges on 283 300 000. Manats. This figure compared with the same period last year is by 42.950 m...
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On 5 August the Cabinet approved form of license blanks of the general license, and specific licenses and their applications. The government also approved the procedure for issuing orders for produc...
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In July, the services in the government and corporate securities market, except for repo-operations , provided only four brokers at the Baku Stock Exchange (BSE) , traditionally, this figure ranges...
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On 1 august the Cabinet of Ministers adopted decree №286 on the creation of Khizi-Khachmas, Guba Gusar tourism, and recreation zones. Document (http://goo.gl/KPxvK9)was published in the press tod...
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During the past 10 years total capacity of Baku’s electric networks increased from 3048 up to 6200 MWt, reported Azerishig, state monopoly distributing power in Azerbaijan. “During the past 10...
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By August 1, 2016 total number of customers of Azerigas (SOCAR’s gas distribution company) reached 1,928,997. SOCAR reported that in July 2016 the company registered 10,263 new customers from t...
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SOCAR’s representation in Ukraine has registered a new company led by Yekaterina Tamrazova for wholesale and retail sale of liquefied gas, reported Ukrainian mass media. SOCAR LPG was registere...
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In the foreign exchange auction of the Central Bank of Azerbaijan on August 11, the State Oil Fund of Azerbaijan (SOFAZ) has sold to 29 banks all the proposed $ 50 million. However, demand was by 12...
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On 10 August "Procter & Gamble Azerbaijan Servisleri Ltd." held a conference in Baku on identifying counterfeit goods, and to combat this phenomenon. The conference was organized for the employees...
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Currently, 21 of the 33 banks operating in Azerbaijan issue consumer loans. Compared with July increased the number of banks, issuing loans to individuals. In August, "Expressbank" and «Yapı Kre...
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Service of credit ratings S&P Global Ratings has confirmed long-term credit rating of SOCAR and Azerenerji, state monopoly generating power, at “BB”, reads web site of the agency. The forecast...





