Azerbaijan’s economic, investment prospects presented in Australia

W1siziisijiwmtcvmduvmjyvmjmvmzuvmduvnmu2zgjhn2ytzmzhzi00mtg0ltkxotctm2rhntg3ogm1y2zhl2f2c3ryywxpyv9wcmvzzw50yxrpb25fmjywnte3xzaxlmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=a2f98151fc96e80f W1siziisijiwmtcvmduvmjyvmjavndyvmzavyjfjmznlm2itzmvlzs00ytm2ltkznjatmja1ntqyndrjnjvil2nvbxb1dgvyxza0mduxns5qcgcixsxbinailcj0ahvtyiisijm1mhgynzajil1d?sha=ec51e6e33655ad34 W1siziisijiwmtcvmduvmjyvmjavndavmzuvnmmxnddhmzytn2i1zs00ogy4lwfkzdatodywndi3oti3ytgxl3vubmftzwqucg5nil0swyjwiiwidgh1bwiilcizntb4mjcwiyjdxq?sha=620a9a1671a269a5 W1siziisijiwmtcvmduvmjyvmtgvntcvmdyvyzgzmdy1nmityteymi00zdeylwe3m2qtzwi3zthizdexodk0l2m5nzu3ytkzntgzndllntm3mdawmdlim2fimdkwotfklmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=2ba0b11beb5120ce W1siziisijiwmtcvmduvmjyvmdkvnduvmtuvotnlmdixzgytmtgwni00nwvllwe4odktzti0mgi1yzazmzljl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=3d0b27462e4df669

More from Economy

Baku to host EU-Azerbaijan Business Forum

12.05.2017 16:37 GMT

W1siziisijiwmtcvmduvmtivmtyvndavntkvn2jhnthhntatowjhzi00mmzkltgwmzktntm0zgrjymvkzju3l1dlymjhbm5lci1lbi5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=af5a08edd2c9a818
The EU-Azerbaijan Business Forum aims at establishing and developing relations between European and Azerbaijani companies.

Azerbaijan to create insurance fund for payment of unemployment benefit

12.05.2017 14:32 GMT

W1siziisijiwmtcvmduvmtivmtqvmzmvmzavzjdlzta2nwitnjuzzs00nzdklwjkn2mtmdmzotkynjblytjhl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=28ecb7efc92588ec
Labor and Social Policy Committee of the Azerbaijani parliament has today discussed a new draft law on “Insurance against unemployment”, Chairman of the Committee Hadi Rajabli said.

Azerbaijan to change conditions for labor contract terms

12.05.2017 13:56 GMT

W1siziisijiwmtcvmduvmtivmtmvntgvmtqvyzm2ndvjzjqtmdg4ys00mdvklwi0ytutodgwodu5yjc0njq2l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=9df8db29bae4f3e3
The conditions for labor contract terms will be changed in Azerbaijan.

Azerenerji ends 2016 on loss

12.05.2017 11:47 GMT

W1siziisijiwmtcvmduvmtivmtevndgvmjuvzwvlywezotgtmziwmi00ogywlwfizgmtmgm0mzy0nddjzmmxl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=b7528064cd2988ff
Azerenerji’s assets in 2016 stood at AZN 4,297,857,000, up 0.89% or AZN 38.266 million from 2015, APA-Economics reports citing to company’s consolidated financial report.

President Ilham Aliyev received Saudi Minister of State for Gulf Affairs

11.05.2017 23:46 GMT

W1siziisijiwmtcvmduvmtivmdavmdmvmtgvoddizgq2mdetnjy2ni00zjiylwi2ndatn2jjyzi3ytg1nzczlzewyta1otmwyjy4odm2nti4zja1ztyyntk5ywjjnmfmlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=99ccfac14dac559b
President of the Republic of Azerbaijan Ilham Aliyev has today received Minister of State for Gulf Affairs of the Kingdom of Saudi Arabia Thamer Al-Sabhan, APA reports.

SOCAR: Situation at well in “Gunashli” field under control

11.05.2017 23:17 GMT

W1siziisijiwmtcvmduvmtevmjmvndqvmdcvmjhiymjlngqty2vlyy00odvhlwjkogytodlinzcyzdrmn2qzl2riztvkzjnhnjk3y2q2ndc2zddmmdy5zjrkyty0ymvhlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=35a227b462a8340e
“The situation at well #7 in Gunashli offshore field taken under control”, APA reports that the press service of SOCAR released this information.

Ilham Aliyev approves contract on development of Umid, Babek fields

11.05.2017 21:10 GMT

W1siziisijiwmtcvmduvmtevmjevmtivmdqvztfhmtjkmzatoduyzs00ymmwltkzztqtyjg5y2rlztm4nwuyl2lsagftx2fsaxlldl9tywlux18ymjeymtzfmi5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=d853f2c9527f56ff
Azerbaijan’s President Ilham Aliyev has approved a law ratifying the risk-service contract on exploration and development of an offshore block which includes the Umid gas field and the promising Babek structure in the Azerbaijani sector of the Caspian Sea.

Extractive Industries Transparency Commission holds meeting

11.05.2017 19:40 GMT

W1siziisijiwmtcvmduvmtevmtkvndivntevyti4odk1mwitnzezmi00mty3ltlkodmtzjuxnzvmntrhotdhlze0otq1mduxmdgxmdyznzi0mjg5xzewmdb4njy5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=210396c7106e990b
A meeting of Extractive Industries Transparency Commission (EITC) has today been held at the State Oil Fund of the Republic of Azerbaijan, AzerTag reports.

USD rate for tomorrow announced

11.05.2017 17:27 GMT

W1siziisijiwmtcvmduvmtevmtcvmzivmtmvmgrhzjnkm2etymu5yi00odllltg5ywqtn2iymwy2ogy1ywixl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=36871fa740852ef0
The Central Bank of Azerbaijan has announced USD/AZN rate for May 12.

Kazakhstan resumes oil transportation through Azerbaijan

11.05.2017 16:30 GMT

W1siziisijiwmtcvmduvmtevmtyvmzevndgvmdkxodvjnmytogu3mi00nwy5lwjimzktyjg4ndg5zwjhzmy5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=94128827d2d7a768
Kazakhstan has resumed the transportation of oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline, Azerbaijan’s Energy Ministry told Trend on May 11.

Azerbaijan’s economy to grow 0.6% in 2018 - WB

11.05.2017 16:24 GMT

W1siziisijiwmtcvmduvmtevmtyvmjuvmjivyjmwnwrjotctzgmwos00ntzhltg2yjatowexnzrlnti5odlkl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=e9bdeb8ae6c8ea4e
WB has made a forecast on the economic growth in Azerbaijan.

Gas leak at Azneft platform prevented

11.05.2017 15:04 GMT

W1siziisijiwmtcvmduvmtevmtuvmdyvmzqvm2q4oguxyjgtztu4oc00nwe1lwi0zgutyjc1mdcwztfkmje0l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=afa70e0b055b4474
The majority of workers have been evacuated.

World Bank: Devaluation of manat happened late

11.05.2017 14:57 GMT

W1siziisijiwmtcvmduvmtevmtqvntkvntkvnwnknwqwzmetyznmmi00yjkwltg5zwitotvlmgm3njrjzdk5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=c6cb189d45525521
Azerbaijan has lost 25% of its purchasing power, which has caused a great shock for the national economy.

Azerbaijan increases car import by 11%

11.05.2017 11:03 GMT

W1siziisijiwmtcvmduvmtevmtevmdyvmtavotvjotu2otktmjhiyi00mtu2ltg4mtatymrjotc5odm1zmu5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=7bc754ae75fed18d
Azerbaijan imported 1,943 cars in January-April 2017, up 201 cars or 11.54% from previous year.

Moody’s: Consolidated budget deficit to make up 1.5% of GDP this year

10.05.2017 19:30 GMT

W1siziisijiwmtcvmduvmtavmjavmdivmjuvzwm5otnimtutmdy2ns00odlhlwiyngmtzwq2zwyxzjjmyzy5lzuymgizotg3yzbimtzhmmrinzi1yzflmtzhodvloty3lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=8f7c6658f02f6fb3
“We forecast a consolidated budget deficit of 1.5% of GDP in 2017 with higher spending as the government cushions the economic impact of the oil price collapse, followed by a surplus of 2.9% next year when somewhat higher oil prices raise total revenues”, Moody’s Investors Service reported.

EBRD changes outlook on Azerbaijan

10.05.2017 14:01 GMT

W1siziisijiwmtcvmduvmtavmtqvmdivmdivzdgxzjdlmzetmge3os00n2qxlwe5mwetnmqwzmu3ytq0mzvml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=2ce3067c5ae8a32d
Europrean Bank for Reconstruction and Development (EBRD) forecasts that the GDP in Azerbaijan will decline 0.5% this year, Interfax reported.

Oil prices rise in expectation of Aramco supply cut to Asia

10.05.2017 12:35 GMT

W1siziisijiwmtcvmduvmtavmtivmzcvndivndg0mjq5zgutndc0ms00ngyylwjhnmmtnzi3zwe4ywuwmmy0l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=1c07eab0dcac79cb
OPEC meets later this month.

Azerbaijan invests over $284M in UAE

09.05.2017 22:19 GMT

W1siziisijiwmtcvmduvmdkvmjivmjavntivogezntrmyzatywrmms00zjmzlwflyzutztdlogmzngi5nthkl211emfraxjlxza5mduxny5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=b653885dd19870ae
Azerbaijan invested $284.4 million in the economy of the United Arab Emirates (UAE), said Azerbaijan's Economy Minister Shahin Mustafayev.

39 more students admitted to internship in one of Baku's most luxurious hotels

09.05.2017 10:00 GMT

W1siziisijiwmtcvmduvmdkvmdcvmtyvmjavotu1zwfkndutmgu3my00mjcwlweyzmitn2u1nmnhzwrkmde4l0lnr180ode5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=eb612264dbf4b40c
Students from Azerbaijan Tourism and Management University are participating in the internship program at Fairmont Baku, Flame Towers.

Baku to host Azerbaijan-European Union business forum

08.05.2017 20:10 GMT

W1siziisijiwmtcvmduvmdgvmjavmzyvmtyvmjnlnda0ymitmwe0ys00ntvkltg2zwytnjawnzfkndu0n2y0lze0otqymzi1mtazmtczmju1mdk4xzewmdb4njy5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=a36f753abc2eeb79
An Azerbaijan-European Union business forum will be held in Baku on June 8, AzerTag reports.

Baku in top 5 cities popular among Russians on Victory Day

08.05.2017 20:06 GMT

W1siziisijiwmtcvmduvmdgvmjavmdkvmjevzge4ogrjndytotq4my00y2u1ltkzogmtmjlizgjlyzyxymqxl3ryzw5kx2jha3vfy2l0ev8ymda4mtrfms5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=6a0a45a0f40f9bec
Azerbaijan’s capital Baku is one of the most popular cities among the Russian tourists for traveling on Victory Day (May 9), says the popular tourist portal TurStat.

Troubled loans make up over 10% in provision of crediting

08.05.2017 18:51 GMT

W1siziisijiwmtcvmduvmdgvmtgvntivmzyvzjk3zwvkndetmjdinc00ntg3ltk4odctyza2mwu0nzqzy2y4lzhkztningnlothjzwqxndmxyzawmznindhlogvimwzilmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=a51c184a013aae65
As of April 1, 2017, the overdue credits in the provision of crediting in Azerbaijan stood at AZN 1,590,300,000, up AZN 263.8 million or 19.89% from a year ago.

Azerbaijani businessmen intend to increase investments in Turkey

05.05.2017 22:02 GMT

W1siziisijiwmtcvmduvmduvmjivmtgvmjivogq3njgxzditntu5os00mzvmltllyzqtmtvjmdg0y2qxntnll0f6chjvbw9fbg9nb19ozxdfmjqxmteylmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=45a7591a7d743c50
Azerbaijani businessmen intend to increase investments in Turkey, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said.

USD rate for May 8 announced

05.05.2017 17:24 GMT

W1siziisijiwmtcvmduvmduvmtcvmjuvmjuvmzrkyzgwzmqtntm3os00ndcxlwjjywqtztqxnwzkntbinzrml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=7e7feaf853a5a157
The Central Bank of Azerbaijan has announced USD/AZN rate for May 8.

Azerbaijan submits data on April’s oil output to OPEC

05.05.2017 17:08 GMT

W1siziisijiwmtcvmduvmduvmtcvmtyvndkvogywyja0zdmtztg3my00mtk3ltk0nditytlizje1ymu4ngy2l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=478ab35ccb870c85
In accordance with the Vienna agreement reached by OPEC and non-OPEC countries, Azerbaijan has submitted the data on oil output for April to the Joint Technical Commission of the Joint Monitoring Committee.

Iran to purchase additional energy from Azerbaijan in summer months

05.05.2017 15:06 GMT

W1siziisijiwmtcvmduvmduvmtuvmdkvmtavzgu1mde5ndqty2izms00mwiwlwi2ogmtyjlhzjdhzwzkmdbml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=ca961c361055e145
Iran’s need for energy increases in summer months.

Inflation slackens in Azerbaijan and this process will continue - IMF

05.05.2017 14:11 GMT

W1siziisijiwmtcvmduvmduvmtqvmtuvmtkvyjm5mzuxymetzgrizs00nwvjltk3ngmtotbkymexnzbjy2e5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=365025978fde8d12
International Monetary Fund projects GDP in the Caucasus and Central Asia (CCA) region to rise 3.1% in 2017 and 4.1% in 2018, Interfax reported.

TAP important on geo-political level: Azerbaijani envoy

04.05.2017 21:08 GMT

W1siziisijiwmtcvmduvmdqvmjevmdkvmzyvnjq4nmy4ndatmdixoc00owi3ltgyndmtnddkywvmy2nimgyyl3jhag1hbl9tdxn0ywzhewv2xza3mdixml8wmi5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=6f03778dd89195ed
Implementation of the Trans Adriatic Pipeline (TAP) project is of critical importance on a political, geo-political and business level, said Azerbaijan’s Ambassador to Greece Rahman Mustafayev.

Thyssenkrupp supplies escalators to Azerbaijan

04.05.2017 19:55 GMT

W1siziisijiwmtcvmduvmdqvmtkvntyvmzavzmjiytfmmgqtodgxmi00yjnkltlmyzmtodjlnwq5mtzkzti5l2vza2fsyxrvcl8xndewmtvfms5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=78b1810fa5af30df
Thyssenkrupp Elevator has won the public tenders of Baku Metro to supply 25 escalators within the next three years, said a message posted on the company’s website.

USD rate for tomorrow announced

04.05.2017 17:24 GMT

W1siziisijiwmtcvmduvmdqvmtcvmjcvmzivmthkodyyzjatztmznc00zwe0lwi2mtitntiynzziytvlndc1l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=a015e4a7094d7436
The Central Bank of Azerbaijan has announced USD/AZN rate for May 5.

Azerenerji to attract AZN 360 to pay tax due

04.05.2017 16:42 GMT

W1siziisijiwmtcvmduvmdqvmtyvndqvmdqvzgmymtyzzdqtmtewms00odmxlwi2zjatnjuzowmxzmvhnja5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=6cb91496ee9db7f9
Fitch Rating Agency has anonunced Azerenerji OJSC’s credit rating.

SOCAR drilling new well at Oil Rocks field in Caspian Sea

04.05.2017 15:03 GMT

W1siziisijiwmtcvmduvmdqvmtuvmdgvmdavmwrmztq0y2etowvlys00mgvklwfkzwutyjqwymqxogu3mdy5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=f895ea96546f32a4
The daily output is expected to reach 10 tons of oil and 1,000 cubic meters of gas.

Top Read Articles

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook