Economics - 2016
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BP as operator of the Azeri-Chirag-Gunashli (ACG) field development project advises that as part of its ACG annual work programme it will implement a planned facility shut down (turnaround - TAR) on t...
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The Central Bank raised the official dollar exchange rate for 31 August. Tomorrow, the dollar will cost 1.6321 AZN ( the rate on 29 August is1.6280 manat.) Today most commercial banks have suspende...
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On August 30 afternoon the Azerbaijani commercial banks have suspended the sale of foreign currency. According to various estimates, up to 15 banks currently do not sell the currency. The bank «Resp...
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The Commission on Membership of Baku Stock Exchange (BSE) restored the membership of the investment company PSG-Kapital Investisiya in BSE. The company brought its activities in line with the Law...
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NBC Bank’s total capital amounted to 51 million 513 thousand manats for the first 6 months of 2016. At the end of 2015 the bank’s total capital amounted to 37 million 369 thousand manats. During t...
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LLC SOCAR-GPC with an authorized capital of USD 1,000 has been registered in Azerbaijan. According to the official resource (the State Register of Commercial Entities), SOCAR-GPC was registered on...
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The State Supervision Service on Precious Metals and Stones at the Ministry of Finance of Azerbaijan has suddenly become concerned about the massive absence of state samples on precious stones and met...
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The State Service for Credit Management and Agricultural Projects (SSCMAP) at the Ministry of Agriculture demands declaring the non-bank credit organization Icraci Kredit Agentliyi (IKA) bankrupt....
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The Executive Director of LLC Azerfon (under the brand name Nar) Kent McNeely, thinking about career development, leaves the company. On August 31, it will be headed by Klaus Mueller - Chief Operating...
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Due to the failure of flights on the schedule of the International Air Transport Association (IATA) this season, the Federal Agency Russian Aviation has withdrawn the approval for seven Russian air...
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Azerbaijan's sovereign rating outlook has been kept as negative. According to Fitch Ratings, also confirmed is the long-term issuer default rating in foreign and national level - 'BB +'. At the...
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The State Statistics Committee published the statistics on health care, according to which the number of doctors in Azerbaijan in 2015 decreased by 298. The Health Ministry explains this trend with...
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If the government does not want to pay compensation to citizens who have taken loans in dollars, it at least should protect them from future devaluations, the expert in finance Samir Aliyev said....
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In the first Eurasian conference "Developing the energy economy of the Caspian region: challenges and opportunities", Azerbaijani President Ilham Aliyev received Secretary General of the Gas Export...
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The State Oil Fund of Azerbaijan (SOFAZ) sold 50 million dollars to banks on August 30. The currency was bought by 29 banks. SOFAZ has not informed about the real demand for the US currency. Note...
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Membership of six companies in Baku Stock Exchange (BSE) has been suspended until the end of the year, according to BSE. According to the decision of the membership committee of the stock exchange...









