Credit Suisse: Fed will raise rates 3 times in 2018

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More from Economy

Oil production in Azerbaijan rises 8.5% in year to September

21.10.2009 18:10 GMT

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Crude oil production by all producers in Azerbaijan exceeded 282.473 million barrels in January to September 2009, compared to 332.07 million for the whole of 2008.

Azerbaijan will soon export gas to Russia and Iran

21.10.2009 18:09 GMT

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Azerbaijan and Turkey have failed to decide a selling price for gas despite long negotiations over 18 months, SOCAR President Rovnag Abdullayev has said.

Black Sea Trade & Development Bank loans some $60 million to Azerbaijan

21.10.2009 18:09 GMT

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The Black Sea Trade & Development Bank’s portfolio of current loans for Azerbaijan has reached $60 million.

UK remains major investor in Azerbaijan

21.10.2009 18:00 GMT

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The United Kingdom has kept its position as the key foreign investor in Azerbaijan's economy in January to September 2009.

Central Bank says upsurge in gold prices positive for Azerbaijan

21.10.2009 17:45 GMT

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The Central Bank of Azerbaijan says a decline in the US currency rate has not had any significant impact on Azerbaijan.

Black Sea Trade & Development Bank makes first loan to Azer-Turk Bank

21.10.2009 17:29 GMT

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The agreement on the loan of four million US dollars was signed in Baku today.

Average monthly wage fell 0.5% in September in Azerbaijan

21.10.2009 16:51 GMT

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The average monthly wage in Azerbaijan fell 0.5% in September, compared with June to August. Wages, nevertheless, remain 10.67% higher than in December 2008.

Direct investments in Azerbaijani oil sector reached $1.68 bn for Jan-Sept 2009

21.10.2009 16:40 GMT

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For Jan-Sept 2009 investments in Azerbaijani oil sector totaled only 25.9% of all capital investments in country’s economy against 51.5% for January 2009.

Azerbaijan Mortgage Fund got 77% of state financing for 2005-9

21.10.2009 16:17 GMT

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The Azerbaijan Mortgage Fund under the Central Bank has not received all the budget finances designed for it.

Central Bank: Azerbaijan's inflation to be 2-2.5% in 2009

21.10.2009 16:01 GMT

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The Central bank of Azerbaijan predicts "a stable and low inflation rate" for 2010.

Work over single database of Azerbaijan real estate started

21.10.2009 15:51 GMT

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Public union Baku Realtors’ Association (BRA) has launched the first stage of project of single database of Azerbaijan real estate.

Azerbaijan declines to place State Oil Fund's assets in local banks

21.10.2009 15:49 GMT

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The State Oil Fund of Azerbaijan (SOFAZ) is not considering placing the country’s currency reserves in local banks.

Switzerland confident Azeri gas will reach Europe via Turkey

21.10.2009 15:14 GMT

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Swiss President Hans-Rudolf Merz has said that Azerbaijan could become an energy supplier to his country.

Caspian Oil & Gas Exchange to be officially launched in Baku on 26 October

21.10.2009 14:33 GMT

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The Caspian Oil & Gas Exchange will be an electronic trading area for the oil and gas sector.

In January to September 2009 Azerbaijan commissions 837,500 sq m of living space with drop by 17.2%

21.10.2009 13:19 GMT

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In September, housing commissioning rate of Azerbaijan increased considerably.

Rasim Musabeyov: Our plans of transporting gas to Europe are hampered by Turkey’s willingness to earn more from the transit

20.10.2009 21:40 GMT

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"Turkey does not take part in the “Southern stream” project. Ankara only agreed on Moscow’s laying a gas pipeline via the Black Sea shelf that is a part of its 200 miles economic area.

Azerbaijan ready to refuse from gas export through Turkey

20.10.2009 21:11 GMT

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Azerbaijan is trying to end the deadlock in which negotiations about gas transit through Turkey and supplies to this country are now.

Income of Azerbaijani tourist sector amount to AZN 8 million

20.10.2009 21:00 GMT

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Over the first six months of 2009, profits of Azerbaijani tourist sector increased by 1% as compared to relevant period of 2008.

International exhibition BakuBuild starts in Azerbaijan

20.10.2009 20:30 GMT

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Tomorrow, the largest 15th (jubilee) International Construction Exhibition of the Caspian region BakuBuild and 7th International Furniture, Interior and Design Exhibition will be launched in Baku.

Mortgages in amount of AZN 46.5 million granted in Azerbaijan

20.10.2009 20:12 GMT

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In Azerbaijan mortgage portfolio increases within the frames of loaning through the Azerbaijani Mortgage Fund (AMF) at the Central Bank of Azerbaijan (CBA).

Economic Research Center: Azerbaijan registered disinflation of 3.52% during this year

20.10.2009 19:28 GMT

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Results of statistic surveys held by Economic Research Center of Azerbaijan were present.

IFC: Azeri banks not to abandon mortgage market

20.10.2009 19:26 GMT

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The International Finance Corporation (IFC)is not unduly concerned that two of its partner banks in Azerbaijan are using its mortgage lending credit lines for other purposes.

Licensing of construction work to be launched in Azerbaijan till end of year

20.10.2009 19:02 GMT

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The State Agency on Control over Safety of Construction at the Ministry for Emergency Situations conducts work over preparation of new regulatory legal act on licensing of construction work.

Bank Nikoil repaid in time Iranian Central Bank’s loan of 100 million euro

20.10.2009 17:48 GMT

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Azerbaijan's Taxes Ministry denies targeting Turkish companies

20.10.2009 16:46 GMT

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"Recent information that the Ministry of Taxes in Azerbaijan has started mass inspections in Turkish companies operating in our country is a lie and a provocation," says the ministry's press service.

Inflation in Azerbaijan tops 2% to end third quarter 2009

20.10.2009 15:58 GMT

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Inflation in Azerbaijan in September 2009 was 0.4% compared to August.

Azerbaijan communications sector sales for Jan-Sept 2009 reached $881 million

20.10.2009 15:14 GMT

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Communication sector sales in Azerbaijan totaled $881 million for Jan-Sept 2009 in accord with average exchange rate for the reported period.

In September 2009 base CPI in Azerbaijan rose by 0.8% with this year’s rise of 2.5%

20.10.2009 15:08 GMT

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The State Statistics Committee of Azerbaijan has published next monthly data about base consumer price index (CPI) in Azerbaijan.

Oil hovers over $80

20.10.2009 14:55 GMT

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Oil rose to a one-year high above $80 a barrel in New York as the dollar slipped to a 14-month low against the euro, increasing commodities’ appeal as an alternative investment, Bloomberg reported.

Azerbaijan Central Bank: local banks’ ROE and ROA are 20% and 30% respectively

20.10.2009 14:44 GMT

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The Central Bank of Azerbaijan has reported of high profitability of domestic banks despite the global economic crisis.

Industrial production in Azerbaijan rose by 5% for Jan-Sept 2009

20.10.2009 14:32 GMT

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High growth rate in industrial production kept in Azerbaijan this September. Its decline in January of the year was 5.1%.

Unibank possesses excess liquidity in amount of AZN 50-60 million

20.10.2009 13:27 GMT

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One of Azerbaijani key credit institutions Unibank overcame financial difficulties by assistance of the Central Bank of Azerbaijan (CBA).

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