Economics - 2016
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The Central Bank left unchanged the dollar rate on 8 December at the level 1.7369 manats. Despite the fact that commercial banks have a 4% margin, for the third week majority of banks do not sell f...
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Central Bank's decision on the limit of $10,000 on remittances from Azerbaijan demonstrates the government's helplessness in the matter of retaining the currency of the country, said well-known ec...
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According to the State Social Protection Fund (SSPF) at the Ministry of Labor AR, 3,352,983 individual social insurance accounts were registered by December 1 (+ 5.4%, or 172.83 thousand to January 1)...
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The portfolio of assets in liquidation of the insurance company Azergarant will be transferred to the company Gunay Sigorta. According to Chairman of the Board of JSC Azergarant Rashad Mammadov, o...
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I The procedure of transference of foreign currency abroad has toughened. According to the order №45/1 of the Chairman of the Central Bank of Azerbaijan Elman Rustamov (Http://huquqiaktlar.gov.az/St...
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The Asian Development Bank (ADB) has reported it will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields. Th...
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The main buyer and seller of foreign currency to the population, Amrah Bank has closed all its offices for foreign exchange transactions today. The bank’s representative confirmed that the purc...
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Fitch Ratings affirmed the long-term Issuer Default rating (IDR) of JSC Azerenergy at the level of BB+, and short-term IDR at B. The outlook is subject to Negative. "The affirmation reflects the p...
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The Asian Development Bank (ADB) today approved a $500 million loan to help Azerbaijan maintain social spending, create jobs, and diversify its economy to mitigate the adverse impact of a crash in oil...
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“The business people from the Republic of Korea can make investments in Azerbaijan's economy. However, the Azerbaijan government should provide more incentives for them in terms of tax, customs and...
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According to the Central Bank of Azerbaijan (CBA), credit institutions of Azerbaijan in the aggregate issued 15.82 billion manat of consumer and business loans with a specific weight of overdue loa...
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The International Bank of Azerbaijan jointly with the Visa international payment system has started to use the program Secure Card in the framework of the Visa Zero Liability project. The program p...









