Economics - 2016
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The CBA announced the exchange rate on 19 September. The US dollar exchange rate against the manat was 1.6370. On September 15-16, the rate was 1.6375 AZN for 1 US dollar. -06D--...
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On September 16, the Deposit Insurance Fund increased the interest rate in the national currency deposits from 12% to 15%, the fund reported. According to Turan, the Fund said that the solution was a...
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President Ilham Aliyev signed a decree on supporting the development of sericulture, according to which silkworm breeders will be also able to get subsidies from the state budget. Subsidies will b...
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The State Statistics Committee informs that in January-August, local consumers of goods and services spent 18 billion 463.7 million AZN. In absolute figures growth of 2.2% over the same period last...
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After two major interventions in the foreign exchange market by the State Oil Fund and the Central Bank of Azerbaijan the currency deficit problem is eliminated at the moment and the majority of co...
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Azerbaijan's oil production in 2016 is expected to reach 870 thousand barrels per day (43.5 million tons - Turan), an increase of 10 thousand barrels per day against 2015, according to the OPEC rep...
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In the first eight months of this year Azerbaijan delivered 3,454 vehicles from abroad, which was 6.1 times less than in the comparable period of 2015. According to the State Customs Committee, 57...
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At the meeting of the shareholders of the Investment and Commercial Bank Nikoil it was decided to reduce the number of Supervisory Board members from 7 to 5, the bank said. According to Turan, Isk...
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The depositors of 9 closed banks have been paid a total of 252,367,000 AZN in compensation, said the Deposit Insurance Fund. According to Turan was, depositors of JSC Para Bank were paid 30 millio...
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The Azerbaijani Ata Bank warned owners of plastic cards of the planned temporary suspension of the network of ATMs and POS-terminals. According to Turan, the suspension, which is scheduled from 3:...
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The insurance company JSC Gunay Sigorta has been included in the register of members of the Bureau on Compulsory Insurance, according to the Bureau report. According to Turan, the company received...
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The Central Bank of Azerbaijan will hold the 12th deposit auction for commercial banks, the Central Bank said in a statement. According to Turan, at the auction planned for September 19 the Centra...
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The delegation headed by the director of the State Civil Aviation Administration (SCAA) of Azerbaijan, Arif Mammadov, will participate in the 39th Session of the Assembly of the International Civil Av...
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By the decree of the President of Azerbaijan, budgetary organizations and bodies of executive power have been denied the opportunity to buy imported goods until January 1, 2018. The same applies to in...
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Fitch Ratings has downgraded the long-term issuer default rating (IDR) of Azerbaijan OJSC Demir Bank to B- from B, the agency said. The report notes that the downgrade reflects the view of Fitch t...
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Ten insurance intermediaries have been warned by the Financial Markets Supervision House (FMSH), FMSH said. The FMSH statement noted that the warning was made based on the monitoring of insurance inte...





