New appointment to the management of the Petkim

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More from Economy

BTK to rescue region - minister

03.03.2017 19:08 GMT

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"Baku-Tbilisi-Kars railway pipeline is a rescue of the region, Minister of Transport, Maritime Affairs and Communications of Turkey, APA-Economics reports citing to Anadolu agency.

USD rate for March 6 announced

03.03.2017 17:48 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 6.

SOFAZ announces revenues from ACG

03.03.2017 15:42 GMT

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As of March 1, 2017 SOFAZ (State Oil Fund of Azerbaijan) has earned $993,000,000 from Azeri-Chirag-Gunashli (ACG) block of fields.

Azerbaijan needs to speed up banking sector restructuring - IMF

03.03.2017 09:36 GMT

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The sooner the banking sector is stabilized, the sooner the situation will be normalized in the economy as a whole.

Azerbaijan to supply hazelnuts to Spain

02.03.2017 21:11 GMT

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Special interest is paid to a stand of Azerbaijan at the Gulfood 2017 exhibition which is being held in Dubai, the Azerbaijani Economy Ministry said in a message March 2.

SOFAZ invested $6.5 billion in US economy

02.03.2017 14:55 GMT

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For diversification of the portfolio, SOFAZ invested $6.5 billion in US economy.

Baku to host International Tourism Fair AITF 2017

02.03.2017 11:36 GMT

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The 16th International Tourism Fair AITF 2017 will take place in Baku in April.

S&P affirms Azerenergy’s rating at "BB/B" with negative outlook

02.03.2017 11:09 GMT

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Standard & Poor's Ratings Services said today that it has assigned its 'BBB-' long-term and short-term corporate credit ratings to Azerenergi OJSC.

Energy tariffs to remain unchanged in Azerbaijan this year

02.03.2017 11:05 GMT

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Azerenergy does not plan to review energy tariffs in 2017, Standard&Poor`s Global Ratings (S&P) reported.

Fitch revises forecast on Azerbaijan's Mortgage Fund

02.03.2017 10:12 GMT

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The Fitch international rating agency has confirmed the long-term dedault rating of Azerbaijan Mortgage Fund in local and foreign currency at BB+ with negative forecast on rating.

EU, UNDP continue to facilitate trade between Azerbaijan and Georgia

02.03.2017 09:42 GMT

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The EU allocated 2,128,000 EUR for the project.

United States supports "Southern Gas Corridor" project

01.03.2017 23:49 GMT

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US Secretary of State Rex Tillerson fully supports the "Southern Gas Corridor" project, said Acting Special Envoy and Coordinator for International Energy Affairs at the U.S. Department of State speaking at the the “US-Azerbaijan” conference, APA-Economics reports.

Statoil: "Azerbaijan has changed the energy map of the region"

01.03.2017 21:58 GMT

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“Azerbaijan always keeps promises,” said Senior Vice President of Statoil Al Cook speaking at the US-Azerbaijan conference, APA-Economics reports.

SOFAZ sells over $540M to Azerbaijani banks since early 2017

01.03.2017 21:09 GMT

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The State Oil Fund of Azerbaijan (SOFAZ) sold $258.4 million in February 2017 at currency auctions organized by the Central Bank, SOFAZ said March 1.

SOCAR announces sale price of crude oil for last month

01.03.2017 19:19 GMT

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State Oil Company of Azerbaijan has announced sale price of crude oil in the world market in February 2017.

UK’s OceanScan opens office in Azerbaijan

01.03.2017 19:12 GMT

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The UK’s OceanScan has registered its representative office in Azerbaijan, Vergiler newspaper of the Azerbaijani Taxes Ministry reported.

USD rate for tomorrow announced

01.03.2017 17:21 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 2.

Taxes Ministry: No penalty intended for not reading SMS

01.03.2017 14:49 GMT

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Ministry of Taxes has commented on news regarding penalty in the amount of 100 AZN for not reading SMS by taxpayers.

Azerbaijan may become attractive destination for Czech tourists

01.03.2017 09:42 GMT

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Azerbaijan certainly has the potential to be an attractive destination for Czech tourists, Czech Ambassador to Azerbaijan Vitezslav Pivonka said in an interview with Trend.

Azerbaijan to supply street and garden furniture to Qatar

28.02.2017 21:04 GMT

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Azerbaijan has agreed to supply street and garden furniture to Qatar, Azerbaijan’s Economy Ministry said Feb. 28, Trend reports.

SOCAR drilling new wells in Caspian Sea

28.02.2017 15:02 GMT

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Azerbaijan’s state oil company SOCAR will additionally produce more than 3,500 tons of oil per year thanks to two new wells, SOCAR said in a message posted on its website Feb. 28.

Azerbaijani company to export meat to Dubai

28.02.2017 12:03 GMT

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The stand of Azerbaijani brand 'Made in Azerbaijan' has been exhibited as part of Gulfood 2017 fair in Dubai.

WB still interested in creation of development bank in Azerbaijan

28.02.2017 10:47 GMT

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The World Bank (WB) maintains interest in the creation of a Development Bank in Azerbaijan, Angela Prigozhina, the WB senior financial sector specialist told.

Azerbaijan to join First Caucasus Dairy Congress in Tbilisi

28.02.2017 00:45 GMT

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European Bank for Reconstruction and Development (EBRD) jointly with Food and Agriculture Organisation (FAO) and Association of Milk Producers of Ukraine (AMP) will organize the First Caucasus Dairy Congress to take place on March 14, 2017 in Tbilisi, Georgia within the framework of East European Dairy Congress.

Azerbaijan sends export mission to Qatar

27.02.2017 23:38 GMT

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Azerbaijan`s Ministry of Economy has sent an export mission to Qatar, AzerTag reports.

Fed's Kaplan repeats that rate hike should be sooner than later

27.02.2017 22:43 GMT

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Dallas Federal Reserve Bank President Robert Kaplan on Monday repeated his view that it would be prudent for the U.S. central bank to raise interest rates sooner rather than later, Reuters reported.

Azerbaijani president: Main goal is to export non-oil products to foreign market

27.02.2017 20:22 GMT

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"The main goal is to export products of the non-oil sector to foreign markets," Azerbaijani President Ilham Aliyev said at the meeting with Emir of Qatar Sheikh Tamim bin Hamad Al Thani in the expanded meeting on Monday, APA reported.

Azerbaijan kept unemployment rate at 5% in 2016: minister

27.02.2017 20:21 GMT

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In 2016, employment agencies provided 56,631 people with work in Azerbaijan, which is more than a twofold increase compared to 2015, Minister of Labor and Social Protection of Population Salim Muslumov told reporters in Baku.

Minister: Unemployment rate in Azerbaijan lower than in developed countries

27.02.2017 12:29 GMT

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56,631 people were placed in jobs by the employment bodies of Azerbaijan in 2016.

Life insurance market increases 26%

27.02.2017 11:40 GMT

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AZN 146,538,000 or 30.2% of the insurance premiums in the amount of AZN 486,740,000 collected in 2016 came from life insurance, up AZN 30,060,000 or 25.81% from previous year.

Fitch affirms Azerbaijan's ratings at 'BB+'

25.02.2017 11:11 GMT

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Fitch Ratings has affirmed Azerbaijan's long-term foreign- and local-currency issuer default ratings (IDR) at 'BB+' with Negative Outlooks, APA-Economics reported.

Azerbaijan, Iran officials review hydroelectric plants’ construction

24.02.2017 23:29 GMT

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Officials from Azerbaijan and Iran reviewed the implementation of a project to construct the Khudaferin and Giz Galasi hydroelectric facilities on the Araz River on the Iranian side.

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