Economics - 2017
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Eugene Kirin has been appointed new Chairman of the Board of VTB Bank (Azerbaijan). Eugene Kirin has been working in the banking sector for more than 15 years. He has been with the VTB group since...
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In March 2017, the money supply in Azerbaijan increased by 290.5 million manat or 4.1% compared to February, making 7 billion 277 million 500 thousand manat. At the same time, according to the res...
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Within the framework of the 3rd meeting of the Azerbaijani-Estonian Intergovernmental Commission, a business forum will be held at the Baku Business Center on April 7, with participation of entreprene...
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The Financial Markets Supervisory Authority (FIMSA) registered 500,000 short-term notes of the Central Bank of Azerbaijan, 100 manat of face value each. The maturity of the notes is 28 days. Earli...
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Foreign exchange reserves of the Central Bank in March 2017 increased by 63 million 400 thousand dollars or 1.45% compared to February, amounting to 4 billion 432 million 700 thousand dollars. In...
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At a regular general meeting of shareholders of Capital Bank held on April 4, it was decided to send the entire net profit in the amount of 52 million 384.8 thousand manat to pay dividends to the shar...
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In the current year, mass reductions of bank employees are expected. Such conclusions follow from the forecasts of the international rating agency Fitch. Fitch expects that in 2017 there will be mo...
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At the currency auction of the Central Bank of Azerbaijan (CBA), the US dollar rate fell from 1.7244 to 1.7145 manat. The auction was attended by the State Oil Fund of Azerbaijan. However, the...
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At the April 4 general meeting of shareholders of Capital Bank OJSC Farid Mammadov was elected a member of the bank’s Supervisory Board. The OJSC Capital Bank Supervisory Board consists of five pe...
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Assets of the insurance company Baki Sigorta decreased by 1,147,484 manat or 9.4% in 2016 compared to 2015, amounting to 11,060,996 manat. During the reporting period, the company's capital grew b...
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The State Research and Production Company R.I.S.K. won three tenders for the provision of IT services to the State Oil Fund of Azerbaijan (SOFAZ). The contracts totaled 645.5 thousand manat, Turan was...




