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

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More from Economy

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.

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).

Azerbaijan declares 2 non-working days in May

20.04.2017 15:15 GMT

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Azerbaijan has declared 2 non-working days in May, APA reported.

Baku to host Azerbaijan-Turkey business forum

20.04.2017 12:22 GMT

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Azerbaijan’s capital, Baku, will host the fifth Azerbaijan-Turkey business forum, the Azerbaijan Export and Investments Promotion Foundation (AZPROMO) said Apr. 20.

IOM chief commends Azerbaijan`s migration management model

20.04.2017 10:54 GMT

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IOM Director General William Lacy Swing has hailed a model of managing migration problems in Azerbaijan.

Azerbaijan gets guest status in OECD Development Assistance Committee

20.04.2017 00:30 GMT

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Azerbaijan received guest status in the Development Assistance Committee of the Organization for Economic Cooperation and Development (OECD), said the Azerbaijani Foreign Ministry, Trend reports.

Exchange offices outside banks may reappear in Azerbaijan

19.04.2017 23:46 GMT

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Individuals and legal entities may be allowed to open currency exchange offices in Azerbaijan in accordance with the draft amendments to the “Law on Currency Regulation”.

OPEC, non-OPEC to meet on same day as group's May gathering

19.04.2017 22:13 GMT

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OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year, Reuters reported.

Consolidation of banks to continue – Azerbaijan Banks Association

19.04.2017 19:33 GMT

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Consolidation process in Azerbaijan’s banking sector will continue, head of Azerbaijan Banks Association Zakir Nuriyev said.

USD rate for tomorrow announced

19.04.2017 17:33 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for April 20.

Forbes: Power, potential of New Silk Road lies in its versatility

19.04.2017 17:24 GMT

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The power and potential of the Belt and Road — aka the New Silk Road — lies in its versatility, wrote Wade Shepard in his article published by Forbes.

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