Economics - 2016
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The Central Bank of Azerbaijan has announced a rate of national currency on 29 September. The course has remained unchanged - 1USD / 1,6252AZN. The growth of the dollar, which began in late May 2016,...
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The Central Bank of Azerbaijan has raised AZN 44 million for a period of 28 days on the 13th deposit auction. The Central Bank planned to raise 50 million AZN. The weighted average rate was 14.98%...
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On the basis of the Azerbaijani Institute for Standardization and Certification the Technical Committee on Road Transport Standardization (TC 19) has been established. Activities of TC 19 are s...
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In Azerbaijan, the service center for maintenance and overhaul will be created, including rescue, civil and military helicopters. An agreement to this within the framework of the Second Interna...
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The State Oil Fund of Azerbaijan (SOFAZ) has placed a deposit of $1 billion in the International Bank of Azerbaijan (IBA). Since the beginning of SOFAZ activities in June 2001, the sovereign fund f...
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Additional obligations of the Central Bank of Azerbaijan (CBA) were discussed at today's meeting of the Parliamentary Economic Policy, Enterprise and Industry Committee. The new edition of the Law...
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Baku / 27.09.2016: The AZN rate is tightly controlled and the transition to a floating exchange rate is only a theory, says economist Samir Aliyev. On his profile on the social network Facebook...
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As a result of ineffective management policy, the International Bank of Azerbaijan has a large foreign debt, said Finance Minister Samir Sharifov. He noted that the state took over the rehabili...
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In the first half of 2016 the revenues of airlines on freight traffic amounted to 300.5 million manats, which is 43.5 million manat or 16.9% more than in the first six months of 2015. Turan was told i...
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The insurance company Mega was announced the winner of the tender for insurance of cash of the Central Bank of Azerbaijan. An open tender for the provision of fixed assets insurance services was annou...
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SOCAR will produce more than 5.8 million tons of oil every year due to commissioning a new well in the offshore field Oil Rocks, SOCAR reported. Oil is extracted from the well bore in the range...
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JSC Demir Bank has proposed new interest rates on short-term deposits. The bank offers 13% on 3-month and 14% on 6-month deposits. Demir Bank is a member of the Deposit Insurance Fund. The bank re...
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The next auction on placement of T-bills will take place on 4 October. The Finance Ministry plans to attract 22 million manats for a period of 91 days. According to the Baku Stock Exchange, on the...
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The Financial Markets Supervision House (FMSH) registered shares of JSC Azerbaijan Mortgage Fund. There are 307,238,671 shares with a nominal value of 1 manat. The shares will be placed in a close...
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The Board of Directors of the Financial Markets Supervision House (FMSH) issued a permit to the insurance company Qala Sigorta on compulsory insurance of civil liability of vehicle owners, according t...
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Bank Nikoil has updated interest rates in line with the new trends in the market, the bank said. In an interview with Turan, the director of the bank’s marketing department Rashad Jumshudov said t...






