Economics - 2016
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JSC Azeristiliktechizat, the state monopoly on centralized heating and hot water, is preparing for the revision of tariffs for their services. Recently, the Cabinet ruled out hot water from the...
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On Tuesday the Central Bank lowered the official rate of the manat to the US dollar at the level 1.7318 manats. This is higher than the previous rate on November 29 which was equal to 1.7246 AZN....
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JSC Azerbaijan Airlines (AZAL) increases the number of regular flights from Baku to Moscow, Vnukovo Airport. From March 2017 from the Heydar Aliyev International Airport there will be two flights...
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On November 29 the auction of the State Committee for Property Affairs (SCPA) managed to sell 19 state-owned property items. According to the press service of the agency, it sold 6 small enterpris...
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The development of bilateral relations between Azerbaijan and Iran were discussed today at the meeting of Ilham Aliyev with the Minister of Iran Mahmoud Vayezi. The sides discussed the implementati...
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Independent experts regard unjustified increase in tariffs for electricity and gas. This will provoke a new wave of growth in prices for consumer goods and services. One of the reasons for price incre...
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The Tariff (Price) Council adopted on November 28 a decision to raise tariffs within SOCAR and wholesale jet engine fuel, which come into force on December 1st. Current tariffs (https://goo.gl/9H2...
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Following the increase in electricity tariffs, prices for rail transportation will also rise. This was stated by the head of JSC Azerbaijan Railways, MP Javid Gurbanov. According to him, the compa...
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The decision of the Tariff Council on increase in prices for gas and electricity will have psychological and economic consequences, the economist Gubad Ibadoglu said. Commenting the TC decision on...
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On the foreign exchange auction of the Central Bank of Azerbaijan on Tuesday, the US dollar rose again. The auction began with a rate of 1.7246 and ended at 1.7306 AZN. Commercial banks have a...
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Mugan Bank completed the placement of 40 thousand shares at a par value of 200 manat each, the bank said. The placement began on November 4, 2016. Thus, the bank's authorized capital reached 65 m...







