Economics - 2017
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Azercell Telecom, the only mobile operator distributing iPhone 7 and iPhone 7 Plus smartphones in Azerbaijan,has launched a new “iPhone” campaign on February 24, 2017. It will give all Azercell sub...
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The Central Bank of Azerbaijan has announced an exchange rate of manat on February 27, according to which the national currency strengthened from 1.7498 to 1.7475 manat per dollar. Commercial banks b...
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Assets of Access Bank in 2016 compared to 2015 decreased by 11% or 129 million 926 thousand manat, amounting to 1 billion 58 million 871 thousand manat. The bank's liabilities during the reporting...
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The Ministry of Finance proceeds to the placement of government bonds of interest with a maturity period of two years. The interest rate on government bonds is 15%. Prior to that, from 2016 the go...
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The insurance company Bashak Inam Sigorta appealed to the Financial Markets Supervision Authority (FIMSA) about the cessation of activity, the head of the FIMSA Board of Directors Rufat Aslanli told t...
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President Ilham Aliyev signed February 22 a decree providing for the expansion of foreign trade, especially exports of Azerbaijani non-oil goods, by means of digital technology. To this end, the Cente...
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Fitch Ratings has affirmed State Oil Company of the Azerbaijan Republic's (SOCAR) Long-Term Issuer Default Rating (IDR) at 'BB+', Short-Term IDR at 'B' and senior unsecured rating at 'BB+'. The Outloo...
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In a number of state organizations and by-structures it has become an ordinary event to levy different fees non-provided by the paw. This event is most common in a communal and social area. Interestin...
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On April 1, CJSC Azerbaijani Railways (ASR) reduces the cost of travel by high-speed train Baku-Tbilisi by an average of 20%. The press service of ASR explained this step with the depreciation of the...
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The Foundation for Export and Investment Promotion in Azerbaijan (AZPROMO) established a representative office in Italy, whose head is Tural Rustam Oglu Mammadov. Mamedov is involved in private bu...
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There is a need for investigation by the Financial Markets Supervision Authority (FIMSA) of sharp jumps of the dollar in February, according to the Chairman of the Center for Economic and Social De...
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LLC Trade House of Azerbaijan has been established in Belarus in order to promote Azerbaijani goods under the brand Made in Azerbaijan. The company was registered on February 20 at the Minsk city e...
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Representation of A.P. International LLC (the US state of Rhode Island) announced its closing in the governmental media on 22 February. The company, which opened an office in Baku in 2005, has not...
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The February 20 meeting of the Plenum of the Constitutional Court granted the appeal of JSC Azeragrartikinti about court decisions on real property. Earlier, local courts made a decision to rej...
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In 2016 the number of foreigners visiting Azerbaijan increased by 12.1% and reached 2 million 248.8 thousand people, the State Statistics Committee. The number of active tourists from Arab countri...
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The Cabinet decided to release fuel oil from import duty. The State Oil Company initiated the decision to meet the need for fuel to produce electricity. The importer must submit supporting documen...










