Economics - 2016
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On October 5, the first currency auction was held by the Central Bank of Azerbaijan under the new rules. According to Turan, the auction, which was conducted on the basis of «Bloomberg» system, co...
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An extraordinary shareholders' meeting of OJSC International Bank of Azerbaijan has been convened. The only question on the agenda is the elimination of International Insurance Company, a subsidiar...
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It remains an open question whether someone in the government estimated the amount of domestically produced products, on which tariffs have been increased, the economist Natig Jafarli said in his p...
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Uninsured deposits in Para Bank, Deka Bank and Gafgaz Inkishaf Bank will be fully refunded, said the Executive Director of the Deposit Insurance Fund Azad Javadov. In his words, the uninsured d...
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Closure of Bank Standard will negatively affect the credibility of the bank system of Azerbaijan, the expert Akram Hasanov said. In an interview with Turan the banking expert said the Financial...
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According to the draft state budget of Azerbaijan for 2017, tax payments forecast for SOCAR is set at 1 billion 280 million AZN, 40 million AZN or 3.2% more than the forecast for 2016. This was rep...
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Henceforth Badamdar Hotel will operate under the brand name Pullman, belonging to Accor Hotels Group. According to Turan, an agreement was signed on 5 October in Baku between Gilan Holding and Acc...
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In the next year, defense spending will be the lowest in the last 10 years and the way out of this would be the use of the defense tax, says the economist Gubad Ibadoglu. On his profile on Face...
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JSC NBC Bank has published online its financial statements for the previous year (http://www.nbcbank.az/userfiles/RSM%2012_compressed.pdf), confirmed by the audit. The main shareholder of the bank Nur...
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To address the problem of disputed territories subordinated to administrative units, Milli Majlis will create a working group with representatives of relevant ministries and departments. The head...
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The Board of Directors of the Financial Markets Supervision House (FMSH) has allowed seven offices of Azerpost to provide financial services, said FMSH. The provision of financial services will be...
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The Board of Directors of the Financial Markets Supervision House (FMSH) revoked the license of the non-bank credit organization Nakhchivan Credit, FMSH stated. The license was revoked on the basis of...
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On October 5, the elimination of 10 companies related to each other by invisible threads was announced. They all were established almost at the same time, and information about their elimination conve...
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President Ilham Aliyev signed on 4 October a decree, according to which the list of people who can know commercial (tax) secrets has been expanded. Initially, in 2003, commercial (tax) secrets wer...
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On the second auction on October 4 the Ministry of Finance placed only a fifth of the bonds put up for auction with a maturity period of 31 days. According to Baku Stock Exchange, the sold part of...
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The mortgage portfolio of Bank Standard after the cancellation of its license has been transferred to JSC Mugan Bank. Thus Mugan Bank will serve 2,000 people who have taken a mortgage, and among t...







