Economics - 2016
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The Central Bank has not changed the dollar rate on December 26, leaving it at the level 1.7622 manats. The vast majority of commercial banks do not sell foreign currency to population. On the black...
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SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) today signed a letter of intent (LoI) for the future development of the Azeri-Chir...
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On December 22 JSC Uni Bank completed the repayment of interest-bearing bonds totaling 20 million manat. According to the report on BSE, in the bond redemption their owners received an additional...
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One of the three Chief Executive Officers of the International Bank of Azerbaijan Hidayat Sultanov has left the office. The bank’s website currently indicates only two people as CEOs - Fuad Islamo...
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Azerbaijani Central Bank will hold the next deposit auction on December 26. The Central Bank plans to attract 50 million manat for a period of 14 days at the weighted average rate of 12.01% - 14.9...
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Asian Bank for Infrastructure Investment (ABII) Board of Directors has approved a loan for Azerbaijan in the amount of $ 600 million to finance the construction of the Trans-Anatolian gas pipeline...
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Azerbaijani President Ilham Aliyev and the head of BP, Robert Dudley in Baku yesterday discussed further prospects of participation of BP in the oil and gas industry of Azerbaijan. In particular, B...
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In order to achieve the objectives stated in the Strategic Road Map for the production of consumer goods by small and medium-sized enterprises (SMEs) there is a need for 700 million manat of investmen...
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At present, Azerbaijan has 21 insurance companies. One of them, Azersigorta is a state insurance commercial company. As the name implies, it belongs to the state. The shareholders of the remaining...
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The government cannot plan for 5-10 years in advance; moreover, it cannot plan for 5 days in advance, proof of which is the tax amnesty initiative, the economist Natig Jafarli said. On his prof...
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Today, the Ministry of Taxes announced closure of branches of three foreign companies. The company Wenaas Caspian is the main unit of the largest supplier of work clothes in Europe - KWINTET AS...
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The Deposit Guarantee Fund has compensated depositors of 10 closed banks 721,057,000 manat, the Fund said in a statement. The specification is as follows: Para Bank - AZN 42 million 914 thousand (...
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On December 20 in Baku there was presentation of the www.azexport.az website, a platform for the sale of goods of Azerbaijani origin in foreign and domestic markets. Being integrated with the p...
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The Azerbaijani Central Bank has not reached the goals that were declared at the time of the transition to a floating exchange rate of the national currency on December 21, 2015, the economist Sami...







