Economics - 2016
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The functions of the Central Bank of Azerbaijan have been enhanced. Yesterday the Azerbaijani President Ilham Aliyev approved amendments to the Law "On the Central Bank", adopted on 28 September by...
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The well-known economist Natig Jafarli believes that President Ilham Aliyev will intervene in the tariff issue and make changes in the price of electricity and gas. According to Turan, on his p...
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During the working visit of AZAL President Jahangir Askerov to Djibouti on November 29-30 it was agreed to open a freight flight Baku-Djibouti, as well as create the joint Azerbaijan-Djibouti cargo...
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The Non-Banking Credit Organization CJSC Aqrarkredit has presented a list of three properties pledged with the International Bank of Azerbaijan under a loan. The loan was not repaid on time, so the co...
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According to the International Labor Organization, the average salary in Azerbaijan is one of the lowest among the 71 countries for which data are available. According to material published on...
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The question of acquiring 66% in DESFA by the State Oil Company of Azerbaijan (SOCAR) has finally lost relevance. The Greek government denied the applicant, in spite of the progress in the negotia...
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The development of economic relations between Azerbaijan and the United States was the focus of the business forum, which was held on December 1 at ADA University. The forum was attended by the Mi...
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Repair work on farm irrigation and drainage infrastructure started in several villages in the Agdash and Yevlakh regions. The State Service for Agricultural Projects and Loan Management at the Min...
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The general meeting of shareholders of Mugan Bank decided to increase the bank's authorized capital. The shareholders decided to increase the authorized capital by 10 million manat. After completi...
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The Cabinet of Ministers adopted Resolution # 490, providing for a change in the statute and structure of the CJSC Azerbaijan Caspian Shipping on November 30. A subsidiary agricultural enterprise...
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In November 2016 Azerbaijan insurance companies made 64,961 contracts in electronic form on mandatory insurance of liability of vehicle owners (MTPL), said the Bureau of Compulsory Insurance. The...
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JSC Azerbaijan Caspian Shipping Company signed an agreement on establishing a joint venture with the Odessa Marine Engineering Bureau in Baku on December 13. The new company (Caspian Marine Eng...
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On the Central Bank foreign exchange auction the dollar rose again. The auction began with a rate of 1.7318 manat per US dollar and ended at the level of 1.7338 manat. Commercial banks have a marg...
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In the second quarter of 2016 compared to the first quarter the number of Bank of Baku employees decreased by 17 people. Turan reported with reference to the issuer's report published in the elect...









