Economics - 2016
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President Ilham Aliyev received on December 15 the Executive Director of the Italian company Danieli & C. Officine Meccaniche S.p.A Gianpietro Benedetti. During the conversation the sides exchanged...
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In November 2016 the foreign trade turnover of Azerbaijan amounted to $ 1 billion 714.8 million, an increase compared to October by $ 314.8 million or 22.4%, the State Customs Committee reported on No...
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In the first half of 2016 the assets of the non-bank credit organization FINCA in comparison with the beginning of the year decreased by 25 million 33 thousand manat, or 10.8%, amounting to 205 millio...
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The discount rate increasing by the US Federal Reserve is undesirable for Azerbaijan, said the economist Vugar Bayramov. US Federal Reserve on 14 December raised its key rate to 0.5-0.75%. Bay...
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The Strategic Roadmap of Development of Financial Services in Azerbaijan has been promulgated According to the document, the main objectives are the creation of the financial system on the basis o...
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In the first 11 months of 2016 the volume of industrial production in Azerbaijan totaled 28.8 billion manat, which is 0.6% less than in the same period last year in comparable prices. In nominal t...
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On the foreign exchange auction of the Central Bank, the US dollar rose again today. The auction began with a rate of AZN 1.7475 and ended with AZN 1.7525 per US dollar. The vast majority of comme...
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On the December 13 auction on Baku Stock Exchange the Ministry of Finance fully sold T-bills put up for sale in the total amount of 10 million manat. BSE informs that 7 investors participated in t...
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The insurance company Qala Hayat increases its authorized capital by 2 million 860 thousand manat. The Financial Market Supervision House reported that it registered 1,000 shares at a nominal valu...
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The meeting of the Board of CJSC Azerbaijan Airlines (AZAL) decided to set up their own low-cost carriers. The new low-cost carrier, which was called Buta Airways, will be part of the CJSC Azer...
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Foreign companies are reducing their activities in Azerbaijan – the Ministry of Taxes of Azerbaijan informs on the latter two cases. The company Commonwealth Oil & Gas Company (USA) is closing the...
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The government proposes to extend the exemption from payment of VAT on the import and sale of wheat and the production and sale of flour and bread for another three years. This was said by the Mini...
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The creation of the intergovernmental commission of Azerbaijan and Israel has been one of the outcomes of the visit of Prime Minister of Israel Benjamin Netanyahu to Baku. In general, four docu...







