WTTC: Travel & tourism’s direct contribution to Azerbaijani GDP to rise 7%

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More from Economy

President: 200,000 people to be employed in cottong-growing regions this year

28.03.2017 18:55 GMT

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Cotton will be planted in 22 regions this year, sown areas will make up 136,000 hectares. This figure is three times more than previous year. Enlargement of sown areas in the next years is important.

Azerbaijan announces manat average rate for March 29

28.03.2017 17:00 GMT

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The Central Bank of Azerbaijan (CBA) announced the average rate of the Azerbaijani manat against the US dollar for March 29 at 1.7220 AZN/USD after a currency auction held Mar. 28.

Bloomberg: Euro and dollar can reach parity

28.03.2017 10:11 GMT

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The euro will tumble to a 15-year low if Marine Le Pen becomes French President, with the immediate reaction in the currency similar to that seen in the pound following the U.K.’s Brexit vote, according to economists.

Azerbaijan, Uzbekistan to expand railway co-op

27.03.2017 20:17 GMT

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Azerbaijan and Uzbekistan signed a protocol on expansion of bilateral cooperation in the railway sector, press service of Azerbaijan Railways CJSC reported.

Azerbaijan announces manat rate for March 28

27.03.2017 19:23 GMT

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Official exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.7201 AZN/USD for March 28, the Central Bank of Azerbaijan (CBA) said March 27, APA reports.

USD rate for tomorrow announced

27.03.2017 17:08 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 28.

Moody’s report on Azerbaijan

27.03.2017 15:19 GMT

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Kazakhstan is more resilient to economic pressures than Azerbaijan.

Ambassador: Azerbaijani-Danish turkey factory to be opened in Ismayilli district

27.03.2017 11:38 GMT

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"The Danish companies will bring modern technology to Azerbaijan."

Consumer lending hit a 5-year low in Azerbaijan

27.03.2017 11:13 GMT

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The credit investments in the households by all financial credit organizations of Azerbaijan in the total loan portfolio decreased to a 5-year low.

Central Bank increases auction budget by 50%

27.03.2017 10:25 GMT

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The Central Bank of Azerbaijan (CBA) has increased amount of funds wanted to attract in deposit auction by 50%.

Italy remains leader among Azerbaijan’s foreign trade partners

27.03.2017 09:44 GMT

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Italy ranked first in the list of Azerbaijan’s foreign trading partners in Jan.-Feb. 2017 with a trade turnover of $461.5 million, said a report of Azerbaijan’s State Customs Committee.

Azerbaijan may further reduce trade with neighboring countries

25.03.2017 18:52 GMT

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"Given the economic crisis, each country should keep development of new entrepreneurship a priority."

New appointment to the management of the Petkim

24.03.2017 00:04 GMT

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A new appointment to the management of “Petkim Petrokimya Holding AS” has been approved, APA-Economics reports.

China’s Huawei to build ‘Smart City’ in Baku

21.03.2017 21:04 GMT

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“The Public Wi-Fi project is one of the elements that can be interesting for tourists."

Alternative power generation increases in Azerbaijan

20.03.2017 22:45 GMT

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Volume of generation in thermal power plants increased by 4.5%.

Dimitri Kumsishvili: Georgia and Azerbaijan carry out large-scale projects

20.03.2017 13:01 GMT

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Azerbaijan is the main strategic partner of Georgia. We are interested in further strengthening and developing this partnership.

Turkish FM: Baku-Tbilisi-Kars railway to be launched soon

18.03.2017 18:03 GMT

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The Baku-Tbilisi-Kars (BTK) railway will be launched in the next two months, Turkish Foreign Minister Mevlut Cavusoglu said Mar. 18, the Turkish media outlets reported.

Unusual offer from a Baku tourism company: Night in jail

18.03.2017 12:19 GMT

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A Baku tourism agency offers an unutual tourism package to its customers.

Azerbaijan-based banks’ net worth exceeds AZN 2B

18.03.2017 00:18 GMT

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As of January 31, 2017, Azerbaijan-based 32 banks’ assets stood at AZN 32,407,100,000, liabilities at AZN 30,347,500,000.

Huawei, Nakhchivan Autonomous Republic sign agreement

17.03.2017 22:54 GMT

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The Ministry of Communication and Advanced Technologies of Nakhchivan Autonomous Republic has signed an agreement with Huawei company on replacing telecommunications network with the new generation phone stations in the territory of Ordubad district.

Azerbaijan creates Association of Packaging Industry

17.03.2017 22:04 GMT

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The Association of Packaging Industry has been created in Azerbaijan with the support of the country’s Economy Ministry and National Confederation of Entrepreneurs, Trend reports.

AZN 3 million allocated to Caucasian Muslims Board

17.03.2017 21:10 GMT

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Azerbaijan’s President Ilham Aliyev has signed an order on financing several events to be held by the Caucasian Muslims Office in connection with the announcement of 2017 as the ‘Year of Islamic Solidarity’ in the country.

USD rate continues to decline

17.03.2017 17:45 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 27.

Azerbaijani MP slams local banks for taking advantage of people's hardships

17.03.2017 15:53 GMT

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"It is clear that citizens taking loans at high interest will not be able to repay for them."

Azerbaijan gets 17% rise in gasoline production

17.03.2017 14:13 GMT

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Azerbaijan produced oil products worth AZN 401,000,000 in January-February 2017, down 6.1% from previous year.

Azerbaijan sees rise in consumption market

17.03.2017 11:31 GMT

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In January-February 2017, the worth of sold products and rendered services amounted to AZN 6.3 billion, up 0.5% from previous year.

Azerbaijan stops truck manufacture

17.03.2017 11:26 GMT

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In January-February of 2017, Azerbaijan manufactured machinery and equipment, transport facilities, cars and trailers worth AZN 19.4 million.

Construction of unique Ro-Pax ferries starts in Azerbaijan

16.03.2017 20:58 GMT

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Baku Shipyard LLC has started construction of two new unique Ro-Pax (roll-on/roll-off passenger) ferries, Azerbaijan’s Economy Minister Shahin Mustafayev said Mar. 16.

State budget executed with AZN 179M surplus in January-February

16.03.2017 17:46 GMT

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In January-February 2017 AZN 2,370,500,000 was transferred to the state budget, AZN 2,191,700,000 was spent, Ministry of Finance reported.

USD rate for tomorrow announced

16.03.2017 17:30 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 17.

AZAL launches a new discount campaign

16.03.2017 16:35 GMT

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Azerbaijan Airlines (AZAL) announced the launch of a new campaign due to Novruz holiday.

AZN 10B asset transferred from IBA

16.03.2017 15:45 GMT

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The government has allocated AZN 1.151 billion to the International Bank of Azerbaijan (IBA) since 2012, says the report by Fitch Ratings about IBA.

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