Economics - 2016
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The Central Bank of Azerbaijan once again left the dollar rate at 1USD/1,6403AZN level. It should be noted that against the background of an acute shortage of dollars in commercial banks on 8 Se...
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The Governing Body of the Open Government Partnership (OGP) on the basis of values and principles of OGP decided to consider the Azerbaijani government "inactive", as it is said in the final report...
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It took the Cabinet of Ministers nine months to ensure that "The list of legal entities that perform functions of public importance" is approved, although when signing the decree on the implementation...
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The assets of the insurance company Ata Insurance in the first half of 2016 increased from the beginning of the year by 0.5% (178,093 AZN), amounting to 31,859,799 manats. During the reporting per...
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The Cabinet excluded the sericulture breeding station in the Gakh region from the list of enterprises opened for privatization in April this year. The reason for the revision of the government's de...
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Today the State Oil Fund of Azerbaijan (SOFAR) by the second September auction, organized by the Central Bank of Azerbaijan, has sold a record $ 200 million, this time to 22 financial institutions...
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The introduction of mandatory health insurance (MHI) in Azerbaijan will start from the cities of Mingechevir and Yevlakh. The pilot project will be used at the end of 2016 - the beginning 2017. Ac...
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The Central Bank of Azerbaijan has clarified the issue of tender on supplying systems for the destruction of metallic money. The Central Bank explained that the purpose of the tender is not correct...
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The Azerbaijan Deposit Insurance Fund (ADIF) paid to depositors of nine closed banks compensation of 239 million 42 thousand manats, ADIF said. Depositors of OJSC Para Bank were paid 21 million 93...
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In January-August 2016 the Ministry of Taxes contributed 4 billion 351 million 970 thousand manats to the state budget, according to the Ministry of Taxes. According to Turan, the forecast was imp...
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According to the decision of the Baku Administrative Economic Court, bankruptcy proceedings of JSC Credo Bank started, said the Deposit Insurance Fund. According to Turan, the Fund began to work a...
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The Ministry of Taxes has banned another 19 citizens to travel outside Azerbaijan because of their tax debts, according to the official website of the Ministry. Twelve of them are heads of exec...
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On September 9 Baku will host a joint mission of the World Bank (WB) and the International Finance Corporation (IFC) within the framework of updating the indicators of Azerbaijan in the annual Doin...
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JSC Bank Silk Way admits the daily cash withdrawal from ATM by plastic cards Gold and Platinum in the amount of 4,000 AZN, USD or EUR. According to the information, this is done in order to enh...
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The international rating agency Fitch Ratings affirmed the long-term issuer default rating of Azerbaijan’s Access Bank at BB +, and the rating of Pasha Bank at BB-, according to the agency. The for...
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The amendment made by Greek energy ministry that severely reduces DESFA’s leeway for network usage hikes and, by extension, the operator’s revenue potential, is an “unprecedented” move, Azerbaijan’...







