ADIF pays over AZN 732M in compensation to eleven closed banks’ customers

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More from Economy

Baku-Tbilisi-Kars railway to be commissioned late June

29.03.2017 14:57 GMT

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"The opening of the Baku-Tbilisi-Kars railway will be held at the end of June," according to Turkish Minister of Transport, Maritime and Communication Ahmet Arslan.

U.S. supports Azerbaijan's efforts to diversify its economy - Rex Tillerson

29.03.2017 14:49 GMT

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"The United States remains committed to facilitating a peaceful resolution to the Nagorno-Karabakh conflict."

Minister: Azerbaijan will send workers to the World Cup

29.03.2017 12:43 GMT

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Azerbaijan will send workers to the World Cup in Qatar.

Buying and selling margin of US-dollar approaches to minimum

29.03.2017 12:33 GMT

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Stabilization process continues in cash foreign exchange market.

Worldwide business-leaders sure about increase of their revenues - PwC

29.03.2017 11:40 GMT

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The year 2016 was difficult for not only Azerbaijan, but also the global economy.

Minister: Population aged 65 and over up by 67.3% in Azerbaijan

29.03.2017 11:21 GMT

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"Labor sector has undergone major changes in the new century. In the last 40 years, labor's share of GDP declined to 65% from 75 in the developed countries".

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

29.03.2017 09:24 GMT

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In 2016, travel and tourism directly supported 171,000 jobs (3.7 percent of total employment).

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

28.03.2017 22:38 GMT

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Direct contribution of travel and tourism to Azerbaijan’s GDP was 2,285.3 million manats ($1,437.3 million), 4.1 percent of total GDP in 2016, according to the March report of the World Travel and Tourism Council (WTTC).

BTK railway’s opening ceremony to be held in late June

28.03.2017 21:29 GMT

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The opening ceremony of the Baku-Tbilisi-Kars railway (BTK) will be held in late June, Turkish media cited the country’s Minister of Transport, Maritime and Communication Ahmet Arslan as saying.

Azerbaijani gas export to Turkey decreases

28.03.2017 20:20 GMT

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Azerbaijan exported 590.35 million cubic meters of gas to Turkey in January 2017 as compared to 594.46 million cubic meters exported in 2016, the Turkish Energy Market Regulatory Authority said in a report posted on its website.

Air Astana to increase number of flights to Azerbaijan

28.03.2017 19:29 GMT

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Air Astana has said it will increase the number of flights from Kazakhstan to Azerbaijan, AzerTag reports.

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's total external debt reaches $19 billion

28.03.2017 17:54 GMT

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The volume of Azerbaijan's external public debt at the end of 2016 amounted to 6,913.2 million USD and on an annualized basis increased by $ 18.9 million or 0,27%.

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.

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