USD rate for May 1 announced

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More from Economy

“1.7 million jobs have been created in Azerbaijan over 13 years”

27.04.2017 11:39 GMT

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President of Azerbaijan`s National Confederation of Entrepreneurs (Employers) Organizations Mammad Musayev has said that 1.7 million jobs have been created in the country over the past 13 years.

Most expensive oil imported by China falls to share of Azerbaijan

27.04.2017 10:52 GMT

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In January-March 2017 Chian spent $40.82 billion for purchase of 104.77 million tonnes, relevantly up 78.7% and 15% from previous.

Azerbaijan prevails Armenia in world rating

27.04.2017 10:08 GMT

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Canada based Arton Capital did a research on the international passport index, AzVision.az reports citing the foreign media.

Turkish business invests over $9B in Azerbaijani economy

27.04.2017 09:25 GMT

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"Thanks to operations of Azerbaijan’s state oil company SOCAR, investments of Azerbaijan in Turkey will reach $17-20 billion."

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

26.04.2017 22:34 GMT

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On April 25 Azerbaijan Deposit Insurance Fund (ADIF) paid AZN 43,202,000 to Parabank’s depositors, AZN 58,208,000 to Zaminbank’s depositors, AZN 27,771,000 to Kredobank’s depositors and AZN 3,087,000 to Dekabank’s depositors.

Azerbaijan, Saudi Arabia discuss energy cooperation prospects

26.04.2017 21:10 GMT

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Azerbaijan and Saudi Arabia have discussed prospects for energy cooperation as Energy Minister Natig Aliyev met with Saudi Minister of Energy, Industry and Natural Resources Khalid Abdulaziz Al-Falih, AzerTag reports.

Azerbaijani companies deny participating in Yalta economic forum

26.04.2017 20:50 GMT

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Some state and private companies of Azerbaijan have denied reports of their participation in the 3rd International Economic Forum held in Crimea’s Yalta city and the initiation of investigative actions against them.

USD rate for tomorrow announced

26.04.2017 17:32 GMT

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

New pharmaceutical plant to be built in Azerbaijan

26.04.2017 15:59 GMT

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The foundation of the next pharmaceutical plant is planned to lay in Pirallahi Industrial Park in June.

Road & Traffic 2017 exhibition kicks off in Baku

26.04.2017 15:05 GMT

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The 7th Caspian International Road Infrastructure and Public Transport Exhibition Road & Traffic 2017 has opened in Baku.

New rules for motor vehicle registration approved in Azerbaijan

26.04.2017 09:35 GMT

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The Azerbaijani parliament has approved new rules of state registration of motor vehicles, according to the amendments to the law "On Road Traffic", proposed at the plenary session of the parliament Apr. 25.

Azerbaijan may start gas production at Absheron field in late 2019

26.04.2017 09:17 GMT

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The new petrochemical and gas processing complex built in the Garadagh District of Baku can be used during the development of the Absheron field.

Minister: Extension of Vienna agreement beneficial for Azerbaijan

25.04.2017 19:09 GMT

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The extension of the Vienna agreement on the reduction of oil production will be in Azerbaijan's interest, Azerbaijani Energy Minister Natig Aliyev told reporters on the sidelines of "The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals" in Baku Apr. 25.

Oil output declines 7-10% per year in Azerbaijan - SOCAR

25.04.2017 16:09 GMT

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"We expect oil output to stabilize in 2020."

Azerbaijan to reopen currency exchange offices

25.04.2017 14:16 GMT

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"If the draft law is adopted, the control will be transferred to the Financial Markets Supervisory Authority."

Oil output should be reduced to keep stability in market – Azerbaijani minister

25.04.2017 10:50 GMT

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Azerbaijan supports extension of the Vienna agreement, minister of energy Natig Aliyev said.

Azerbaijani energy minister to attend Offshore Technology Conference in Houston

24.04.2017 21:58 GMT

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An Azerbaijani delegation led by Energy Minister Natig Aliyev will participate in the Offshore Technology Conference in Houston, the US, from May 1-4.

Azerbaijan working to up self-employment: minister

24.04.2017 21:53 GMT

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Proposals are being prepared in Azerbaijan to increase self-employment, Economy Minister Shahin Mustafayev said at a ministry meeting in Baku Apr. 24.

Azerbaijan, Lithuania aim to boost trade, economic co-op

24.04.2017 20:32 GMT

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Azerbaijan and Lithuania intend to increase efforts to expand trade and economic cooperation according to an agreement reached during a meeting of Azerbaijani Foreign Minister Elmar Mammadyarov with a delegation of Lithuania’s parliament, the Seimas.

USD rate for tomorrow announced

24.04.2017 17:22 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for April 25.

ADB allocates over $1.3B loan to Azerbaijan in 2016

24.04.2017 12:41 GMT

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Asian Development Bank (ADB) allocated $1.325 billion loan to Azerbaijan for financing of 4 projects in 2016, APA-Economics reports citing to Interfax.

Azerbaijan spends $859 mln to build a drilling rig

24.04.2017 10:53 GMT

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Since the construction of a new generation floating drilling rig in Azerbaijan from the State Oil Fund (SOFAZ), this project has been allocated $859.7mln.

Investments to Azerbaijani financial sector grow

24.04.2017 09:13 GMT

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AZN 0.4 mln investment has been made to financial sector of Azerbaijan in the first quarter of 2017.

Auction Center created in Azerbaijan

23.04.2017 22:29 GMT

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The Auction Center has been established in Azerbaijan, where the sale of movable and immovable property of banks will be carried out, President of Azerbaijan Banks Association (ABA) Zakir Nuriyev told Trend.

UAE investments in Azerbaijan near $800M

21.04.2017 21:17 GMT

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The United Arab Emirates has invested $778.1 million in the Azerbaijani economy so far, Economy Minister Shahin Mustafayev said at the 6th meeting of the Azerbaijan-UAE intergovernmental commission in Dubai.

Azerbaijan plans to create 6 private, 6 public beaches in Baku - minister

21.04.2017 16:39 GMT

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Minister of Culture and Tourism Abulfas Garayev has held meeting with representatives of relevant bodies about development of beach tourism, the Ministry told APA.

Orders to Azexport for Azerbaijani goods worth $100M

21.04.2017 00:15 GMT

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The Azexport portal received orders worth $100 million for the supply of non-oil products since the beginning of its operation, said Vusal Gasimli, executive director at the Center for Analysis of Economic Reforms and Communication.

Italian court rejects Puglia appeal on TAP olive trees

20.04.2017 20:14 GMT

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The Lazio regional administrative court (TAR) on Thursday rejected an appeal by the Puglia region against a government order to uproot and replant olive trees for the construction of the Trans-Adriatic Pipeline (TAP), APA reported citing ANSA agency.

Ukraine, Iran agree to launch test train through Azerbaijan

20.04.2017 19:50 GMT

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Ukraine and Iran have agreed to launch a test train for transportation of agricultural products, the Ukrainian Infrastructure Ministry’s press service quoted Minister Volodymyr Omelyan as saying.

Azerbaijani president allocates AZN 4M for repair of road in Sumgayit

20.04.2017 19:26 GMT

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Azerbaijani President Ilham Aliyev has signed an order on measures on capital repair of motor roads in Sumgayit city, APA reports.

Tax debts in amount of 728 mln AZN written off this year

20.04.2017 17:02 GMT

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As of January 1, 2017, 39 880 taxpayers had debts to the state budget in amount of 1 409 370, 7 AZN and 41 352 taxpayers had debts in the amount of 1 016 626 thousand AZN for April 1, 2017.

New well commissioned in "Guneshli" field

20.04.2017 16:38 GMT

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Maintenance works are carried out by '28 May' oil and gas producing company (OGPD).

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